17423 9 Mile RdEastpointe, MI 48021

Property Details for 17423 9 Mile Rd

Year built

1965

Lot size

0.31 AC

Property size (Sq ft)

3,968 SF

Zone code

B-3

Property type

Grocery and convenience stores

APN

02-14-29-355-034

APU

21429355034

Description

This exceptional 4,000-square-foot commercial property, located at 17423 E 9 MILE Road in Macomb County, presents a remarkable opportunity for businesses seeking a high-visibility location. Built in 1965, this single-story building sits on a 0.31-acre lot and is currently almost entirely vacant, offering 3,968 square feet of adaptable space. The property boasts a convenient 20+ space parking lot, ensuring ample parking for customers and employees. The building is zoned for commercial use, providing flexibility for a wide range of businesses. Potential uses include, but are not limited to, restaurants, automotive services, warehousing, bulk food stores, and retail shops. The property is offered with Triple Net (NNN) lease terms, making it an attractive investment opportunity. The property's location on a high-traffic street guarantees significant exposure to potential customers. The spacious layout allows for either single-tenant occupancy or division into three separate units, catering to diverse business needs. The APN is 1429355034. This is a rare chance to secure a prime commercial space in a desirable location. Don't miss this chance to establish your business in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,213,170

  6.5%

  $1,119,850

  7%

  $1,039,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $935,340

  Geo Method

  $935,340

• Alternative Use

  Use

  Valuation

  Residential

  $944,635

  Hospitality

  $865,281

  Educational

  $719,903

  Medical

  $744,662

  Retail

  $1,119,850

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4653

Longitude

-82.9419

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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