27 Main StMount Clemens, MI 48043

Property Details for 27 Main St

Year built

1890

Lot size

0.08 AC

Property size (Sq ft)

6,624 SF

Zone code

CB

Property type

Office buildings

APN

05-11-14-209-003

APU

51114209003

Description

This exceptional retail or restaurant opportunity is located at 27 N Main St, in the heart of Mount Clemens, Michigan. The property boasts a total of 6,431 square feet, situated on a 0.07-acre lot. Currently, 2,900 square feet of contiguous space is immediately available, divisible down to a minimum of 1,000 square feet, offering flexibility for various business needs. The building, constructed in 1900, is a single-story structure zoned for retail use, ensuring a seamless transition for prospective tenants. Its central location in Macomb County provides excellent visibility and accessibility, making it an ideal spot for businesses seeking high foot traffic. The property's professional subtype suggests a refined and established area, attracting a desirable clientele. The multiple tenancy structure indicates a vibrant and thriving commercial environment. This is a rare chance to secure a well-positioned retail space in a desirable Michigan location. The available space is perfect for a variety of businesses seeking a prominent presence in a bustling downtown area. The property's history and location combine to offer a unique and attractive opportunity for growth and success. Interested parties should act quickly to secure this prime retail space. The zip code is 48043.

• CAP approach

  CAP return

  Valuation

  6%

  $1,377,695

  6.5%

  $1,271,719

  7%

  $1,180,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,609

  Geo Method

  $619,609

• Alternative Use

  Use

  Valuation

  Residential

  $1,576,931

  Hospitality

  $1,444,460

  Educational

  $1,201,774

  Medical

  $1,243,105

  Retail

  $1,869,426

Location Insight

City

Mount Clemens

County

Macomb

State

Michigan

Latitude

42.5976

Longitude

-82.8781

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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