16900 9 Mile RdEastpointe, MI 48021

Property Details for 16900 9 Mile Rd

Year built

1925

Lot size

0.07 AC

Property size (Sq ft)

1,802 SF

Zone code

B-3

Property type

Retail space

APN

02-14-31-229-001

APU

21431229001

Description

This 1,802 square foot industrial building is situated on a 0.07-acre lot at 16900 E 9 MILE in Eastpointe, MI, offering exceptional visibility due to its prime corner location on a high-traffic road. Currently priced at $129,000, the property is zoned for general business use (B-3), providing a wide range of potential applications. The building features a spacious main area of nearly 1300 square feet with impressive 14-foot ceilings, ideal for a variety of retail or commercial uses. A secondary room offers ample storage space and includes a bathroom. The property boasts updated electrical systems and retains its original, attractive tin ceiling. Ample parking is available on the side and rear of the building, ensuring convenient access for both customers and employees. The high traffic count on Nine Mile Road guarantees significant exposure for any business operating from this location. Previous plans for a boxing gym demonstrate the building's adaptability, but numerous other retail options are equally viable, including grocery stores, meat markets, tattoo parlors, auto parts stores, laundromats, gun shops, pawn shops, beauty salons, barber shops, cell phone stores, coffee shops, and restaurants. This versatile property presents a unique opportunity for entrepreneurs seeking a high-traffic location with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $550,941

  6.5%

  $508,561

  7%

  $472,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $424,769

  Geo Method

  $424,769

• Alternative Use

  Use

  Valuation

  Residential

  $428,990

  Hospitality

  $392,953

  Educational

  $326,932

  Medical

  $338,176

  Retail

  $508,561

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4646

Longitude

-82.9476

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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