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21710 29 Mile

Ray, MI 48096
  • $425,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 50157924
$425,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,752
    SQFT
  • $113
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1942
County:

School Ratings & Info

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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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-14T23:49:06.97.
www.sellsmi.com/homes/156592086
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21710 29 Mile Ray, MI 48096

  • Price: $425,000
  • Status: Active
  • On Site: 127 Days
  • MLS #: 50157924
0
Beds
0
Baths
0
½ Baths
0.65
Acres
3,752
SQFT
$113
$/SQFT
1942
Built
Neighborhood:
None
County:
Macomb
Area:
Ray Twp (50005)
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

Exterior Construction Concrete/Block Foundation Type Slab Frontage 144 Location Corner LotMain Street Lot Size 144 X 187 X 27 X 223 Parking 6-10 Spaces Roads City/County Roofing Metal Site Depth 187 Waterfront YN No

Interior Features

Basement YN No Commercial Ceiling Height Less than 16 Ft. Commercial Features 110 Volt Power220 Volt PowerBathCable Internet InstalledConcrete FloorPrivate RestroomsTelephoneTile Floors Cooling System Central A/CHVAC Fuel Type Natural Gas Heating System Forced Air Water Heater Gas

Property Features

Additional Documents YN No Assessments YN No Commercial Type Commercial/Industrial Environmental Condition YN No Financial Terms CashConventionalLand Contract Flood Plain None Inspection Complete For Well Septic Yes Lease YN No License Available YN No Municipality Ray Twp Ownership Private SEV 152200 Sev Year 2023 Sewer Septic Septic Subject To Short Sale Approval No Summer Tax Amount 1210 Summer Tax Year 2022 Taxable Value 152200 Total Tax Amount 1853 Water Private Well Winter Tax Amount 643 Winter Tax Year 2021 Zoning Commercial

Listing courtesy of Century 21 Professionals Macomb : 586-677-8888.

Source MLS: MiRealSource
Originating MLS: MiRealSource

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-14T23:49:06.97.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507