20900 14 Mile RdRoseville, MI 48066

Property Details for 20900 14 Mile Rd

Lot size

26.99 AC

Property size (Sq ft)

2,200 SF

Zone code

I-1

Property type

Auto shops

APN

08-14-03-101-007

APU

81403101007

Description

This exceptional 34.36-acre commercial, industrial, and residential land parcel presents a unique investment opportunity in Roseville, Michigan. Located at 20900 14 Mile Rd, 48066, this property boasts unparalleled visibility with half a mile of frontage on I-94, generating significant traffic exposure of 181,858 vehicles daily. The site also offers 1,470 linear feet of frontage on 14 Mile Rd, providing excellent access and branding potential. Currently zoned for light industrial use, the property's versatility allows for a wide range of development options, including office space, high-tech facilities, corporate headquarters, apartments, or mixed-use projects. The site's history as Marsack Sand & Gravel lends itself to unique development possibilities, bordering two lakes with depths reaching 30 feet. City utilities are accessible via Little Mack and Gratiot Avenues. A significant advantage is the existing income stream generated by current tenants, totaling $99,500 in gross annual income. Furthermore, a comprehensive 2019 environmental study is available for review, ensuring transparency and facilitating a smooth development process. This prime location, combined with its income-producing features and development potential, makes this a truly exceptional investment opportunity. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $672,625

  6.5%

  $620,884

  7%

  $576,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $518,586

  Geo Method

  $518,586

• Alternative Use

  Use

  Valuation

  Residential

  $523,739

  Hospitality

  $479,742

  Educational

  $399,140

  Medical

  $412,867

  Retail

  $620,884

Location Insight

City

Roseville

County

Macomb

State

Michigan

Latitude

42.5364

Longitude

-82.9067

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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