35248 23 Mile RdNew Baltimore, MI 48047

For Sale
$195,000

High-traffic retail business for sale

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a thriving 159-booth trade center in New Baltimore, Michigan. Located at 35248 23 Mile Rd, this established business operates within a 35,000 square foot shopping center on an 8.66-acre lot. Built in 1990, the property is zoned for commercial use and boasts a prime location in a high-traffic area, ensuring consistent customer flow. The current triple-net lease generates a monthly income of $18,930, with the lease expiring in February 2024. This is a business-only sale; the building itself is not included in the asking price of $195,000. This presents a unique chance to acquire a profitable, established business with significant growth potential. The property's size and location offer considerable flexibility for future expansion or adaptation to evolving market demands. The substantial monthly income stream provides a strong foundation for a secure investment, making this an attractive opportunity for savvy investors seeking a high-return venture in a desirable Michigan market. The property is situated in Macomb County, with a zip code of 48047.

Highlights

  • High-traffic location business opportunity: 159-booth trade center.
  • Triple-net lease, $18,930/month.
  • Lease expires February 2024.
  • Business-only sale; building not included.
  • Asking price: $195,000.

Property Details for 35248 23 Mile Rd

Property type
Lifestyle centers, Power centers
Square Feet
35,000 SF
Year Built
1990
Buildings
1
Lot Size (sq. ft)
377,230 SF

Location Insight

City
New Baltimore
County
Macomb
State
Michigan
Latitude
42.674854
Longitude
-82.7520097
35248 23 Mile Rd, New Baltimore, Michigan

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35248 23 Mile Rd
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