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21710 29 Mile Road

Ray Twp, MI 48096
  • $425,000
  • STATUS: Active
  • ON SITE: 129 Days
  • ID#: 58050157924
UPDATED: 110 min ago
$425,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,752
    SQFT
  • $113
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1942
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
144 X 187 X 27 X 223

School Ratings & Info

School District:

Description

Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
www.prettyhomerealty.com/homes/156595575
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21710 29 Mile Road Ray Twp, MI 48096

  • Price: $425,000
  • Status: Active
  • On Site: 129 Days
  • Updated: 110 min ago
  • ID#: 58050157924
0
Beds
0
Baths
0
½ Baths
0.65
Acres
3,752
SQFT
$113
$/SQFT
1942
Built
Neighborhood:
None
County:
Macomb
Area:
Ray Twp
School District:
NEW HAVEN
Property Description
Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!
Exterior Features

Construction Materials Block/Concrete/Masonry Foundation Details Slab Lot Size Dimensions 144 X 187 X 27 X 223 Roof Material Metal Waterfront YN No

Interior Features

Commercial Utilities 220V Available Heating Cooling Forced AirCentral Air Heating Fuel Natural Gas Room Count 0 Water Heater Fuel Natural Gas

Property Features

Buildings List Other Deposit Amount 300000.00 Land Contract YN Yes Land Interest Rate 9 Land Terms 36 Listing Financing CashContractConventional Ownership Status Short Sale - NoPrivate Owned Postal City Ray Protection Period 12 months Settlement Township Sewer Septic Tank (Existing) Short Sale No Tax Amount Summer 1210.0000 Tax Amount Winter 643.0000 Title Standard (Private) Total Tax 1853.0000 Unparsed Address 21710 29 Mile Road Water Source Well (Existing) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Century 21 Professionals Macomb: (586) 677-8888 and MiRealSource, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-17T05:15:11.87.
 
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The Calhoun Team of Pretty Home Realty
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Birmingham MI, 48009