42158 Michigan Ave, Canton

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42158 Michigan Ave, Canton

Canton, MI 48188
Asking Price
$1.50M
Asset Type
Land
Class
Class B

What's Special

Located at 42158 Michigan Avenue in Canton, Michigan, this land parcel is situated within a high-traffic commercial corridor. The surrounding neighborhood is characterized by a blend of established retail centers, automotive services, and residential subdivisions. The site offers direct frontage on Michigan Avenue, a major east-west artery providing efficient access to I-275 and the broader Detroit metropolitan area. Nearby local amenities include national big-box retailers, casual dining options, and professional offices, ensuring consistent regional visibility and accessibility for commuters and local residents alike. The property’s zoning and strategic positioning make it suitable for a variety of commercial developments. Ideal use cases include retail storefronts, professional office buildings, or specialized medical facilities. Given the high daily vehicle counts, the site is well-suited for tenants requiring significant brand exposure and easy customer ingress. Typical prospects would include regional developers or national franchises looking to establish a footprint in the Canton market. The rectangular lot configuration supports flexible site planning for parking-intensive uses or standalone pad sites.

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NOI
$80,000
Cap Rate
5.35%
DSCR
0.90
Underwater
Cash-on-Cash
-1.95%
Monthly Payment
$7,396.444
Annual Cash Flow
$-8,757.332

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