41680 Conger Bay DrHarrison Township, MI 48045
- Commercial real estate
- 6,790 SF
Property Details for 41680 Conger Bay Dr
- Year built
- 1967
- Lot size
- 15.39 AC
- Property size (Sq ft)
- 6,790 SF
- Zone code
- MARINA
- Property type
- Commercial real estate
- APN
- 17-12-10-300-002
- APU
- 171210300002
Description
This exceptional commercial property, located at 41680 Conger Bay Drive in Harrison Township, Michigan, presents a unique investment opportunity. The property encompasses a substantial 31.79 acres of land, including a 6,384 square foot storefront building. The single-story structure sits on a large lot, offering significant potential for expansion or redevelopment. The asking price is $3,500,000, translating to $110,097.52 per acre. The property's strategic location, approximately 30 miles northeast of Detroit, offers convenient access to major transportation routes. Its proximity to Selfridge National Airbase (five miles east) and Metro Beach (1.5 miles north by water) adds to its appeal. A key feature is the presence of 250 boat wells equipped with seawalls and 30-amp service, suggesting potential for various marine-related businesses. Favorable boring and soil test results are available upon request, providing valuable information for potential development plans. The property's APN is 17-12-10-300-004, and the zip code is 48045. This property in Macomb County offers a compelling blend of retail space and expansive land, making it ideal for a variety of commercial ventures.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,600,520
- 6.5%
- $1,477,400
- 7%
- $1,371,870
-
Comparable approach
- Method
- Valuation
- Relative Method
- $635,137
- Geo Method
- $635,137
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,784,840
- Retail / Commercial
- $1,452,290
- Mixed-Use / Specialty
- $1,466,220
- Hospitality / Lodging
- $1,100,580
- Office
- $1,477,400
- Institutional / Educational
- $1,531,100
- Residential Income
- $1,791,390
- Multifamily
- $2,042,600
- Automotive / Energy
- $1,312,370
- Parking / Income-Based Land
- $434,012
- Restaurant / Food Service
- $803,356
- Healthcare / Senior Housing
- $1,483,990
Location Insight
- City
- Harrison Township
- County
- Macomb
- State
- Michigan
- Latitude
- 42.6039
- Longitude
- -82.7913
- 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
FAQs
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