22000 23 Mile Rd

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22000 23 Mile Rd

macomb, MI 48042
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

22000 23 Mile Road is situated in Macomb, Michigan, within a developing commercial corridor characterized by a mix of residential subdivisions and retail centers. The property is located near the intersection of 23 Mile Road and North Avenue, a high-traffic junction serving the local community. Nearby amenities include grocery stores, national chain pharmacies, and local eateries. The site offers regional accessibility via M-53 and M-59, providing a direct link to the greater Detroit metropolitan area. The retail space is suited for businesses seeking frontage along a primary east-west thoroughfare. Ideal use cases include neighborhood service providers, convenience retail, or small-scale specialized showrooms. The typical tenant profile includes local service franchises, medical suites, or boutique retailers catering to the surrounding suburban population. The property’s footprint accommodates occupants requiring high visibility and consistent daily vehicle counts.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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