19332 10 Mile RdEastpointe, MI 48021
- Retail space
- 10,080 SF
Property Details for 19332 10 Mile Rd
- Year built
- 1956
- Lot size
- 0.59 AC
- Property size (Sq ft)
- 10,080 SF
- Zone code
- B-1
- Property type
- Retail space
- APN
- 02-14-28-130-040
- APU
- 21428130040
Description
This exceptional 10,080-square-foot freestanding retail building presents a unique opportunity in Eastpointe, Michigan. Located at 19332 E 10 Mile Rd, this single-tenant property sits on a 0.59-acre lot and is zoned MU1. Previously occupied as a drug store, the entire space is currently vacant, offering a blank canvas for a wide range of retail uses. The building's substantial size provides ample room for a variety of layouts and configurations, catering to businesses requiring significant space. Its prominent location on E 10 Mile Rd ensures high visibility and accessibility for customers. The property's freestanding nature offers excellent signage opportunities and independent control over the building's aesthetic and functionality. This presents a rare chance to establish a strong retail presence in a thriving Macomb County community. The 0.59-acre lot provides ample parking and potential for future expansion or outdoor amenities. The MU1 zoning allows for a diverse range of commercial uses, subject to local regulations. This property is ideal for businesses seeking a high-profile location with significant space and flexibility. Serious inquiries are encouraged to explore the potential of this prime retail opportunity in Eastpointe. The property is located in the 48021 zip code.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,335,640
- 6.5%
- $2,155,980
- 7%
- $2,001,980
-
Comparable approach
- Method
- Valuation
- Relative Method
- $980,598
- Geo Method
- $980,598
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $4,134,200
- Mixed-Use / Specialty
- $2,176,650
- Hospitality / Lodging
- $1,633,860
- Office
- $2,193,250
- Institutional / Educational
- $2,272,970
- Residential Income
- $2,659,380
- Multifamily
- $3,032,310
- Automotive / Energy
- $1,948,260
- Parking / Income-Based Land
- $644,306
- Restaurant / Food Service
- $1,192,610
- Healthcare / Senior Housing
- $2,203,040
Location Insight
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Latitude
- 42.48
- Longitude
- -82.9193
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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