17601 Hall RdMacomb, MI 48044

Property Details for 17601 Hall Rd

Year built

2007

Lot size

1.71 AC

Zone code

C2

Property type

Commercial real estate

APN

20-08-32-400-019

APU

200832400019

Description

This exceptional retail opportunity is located at Mill River Marketplace, situated on Hall Road in Metro Detroit's most developed retail corridor. Boasting a prime location directly across from Partridge Creek Mall, this property benefits from exceptionally high traffic volume, exceeding 93,000 vehicles daily. The building, constructed in 2007, offers a total of 11,440 square feet, with 1,848 square feet currently available for lease. The property is categorized as a multi-tenant retail space, suitable for various storefront, strip center, or restaurant uses. The expansive 1.43-acre lot provides ample space and visibility. The property's APN is 20-08-32-400-019. This is an ideal location for businesses seeking high visibility and significant foot traffic in a thriving retail environment. The available space presents a unique chance to establish or expand a retail presence in a highly desirable area of Metro Detroit. The existing infrastructure and high daily traffic counts offer a strong foundation for success. Don't miss this opportunity to secure a space in this bustling retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $17,547,700

  6.5%

  $16,197,900

  7%

  $15,040,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,963,490

  Geo Method

  $6,963,490

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $30,532,400

  Retail / Commercial

  $15,922,600

  Mixed-Use / Specialty

  $16,075,300

  Hospitality / Lodging

  $12,066,600

  Office

  $16,197,900

  Institutional / Educational

  $16,786,600

  Residential Income

  $19,640,400

  Multifamily

  $22,394,600

  Automotive / Energy

  $14,388,500

  Parking / Income-Based Land

  $4,758,410

  Restaurant / Food Service

  $8,807,810

  Healthcare / Senior Housing

  $16,270,100

Location Insight

City

Macomb

County

Macomb

State

Michigan

Latitude

42.6291

Longitude

-82.9451

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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