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23206 21 Mile Road
Macomb, MI 48042
Asking Price
$140K
Asset Type
Retail
Class
Class B
What's Special
<p><strong>Development Opportunity – Vacant Land with Upside Potential</strong></p><p>Vacant land zoned <strong>R-1 Residential</strong> at the southeast corner of <strong>21 Mile Rd & North Ave</strong>. Approximately <strong>162' x 380'</strong> with sewer and water available at the road. The property previously had a home, indicating utility access is available.</p><p>The parcel appears to meet the municipality's <strong>1:4 depth-to-frontage ratio</strong>, offering potential for a lot split
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NOI
$80,000
Cap Rate
57.18%
DSCR
9.63
Strong
Cash-on-Cash
170.82%
Monthly Payment
$692.149
Annual Cash Flow
$71,694.214
