31959 23 Mile Road, Chesterfield, MI 48047

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

31959 23 Mile Road, Chesterfield, MI 48047

Chesterfield, MI 48047
Asking Price
$1.98M
Asset Type
Retail
Class
Class B

What's Special

31959 23 Mile Road is situated in a high-traffic commercial corridor in Chesterfield, Michigan, just east of the Interstate 94 interchange. The surrounding neighborhood is characterized by a dense mix of national retailers, grocery anchors, and residential subdivisions. The property benefits from significant frontage on 23 Mile Road, a major east-west artery, providing convenient access for commuters throughout Macomb County. Nearby amenities include the Chesterfield Commons shopping center and various dining options, ensuring a steady flow of local and regional consumer traffic. This retail asset is well-suited for high-visibility businesses such as specialty boutiques, service-oriented franchises, or cellular and electronics showrooms. The location’s demographics and traffic counts support tenants requiring prominent signage and ease of access for a suburban customer base. Ideal tenants include national or regional retailers looking to capture the growing residential population in Chesterfield or service providers seeking a central position within a concentrated trade area. The building's layout offers flexibility for diverse interior configurations and customer-facing operations.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
4.04%
DSCR
0.68
Underwater
Cash-on-Cash
-6.32%
Monthly Payment
$9,795.96
Annual Cash Flow
$-37,551.516

Location & Travel Times