13555 23 Mile Rd - Bank FOR SALE


Utica, MI 48315
$1,950,000 USD
419-283-7363
13555 23 Mile Rd, Utica, MI for Sale
$1,950,000 USD
Bank - FOR SALE
1/4
null | Request Cap Rate

Sep '26


13555 23 Mile Rd
Utica, MI 48315


HIGHLIGHTS

  • Located at a signalized intersection with full movement access for superior ingress and egress.
  • Positioned on a large 1.54-acre parcel providing 40 on-site parking spaces for customer convenience.
  • Zoned C-1 Local Retail Business, supporting multiple retail and commercial uses.
  • Close proximity to the 23 Mile/M-53 interchange and major shopping destinations in Shelby Township.
  • High traffic corridor with 23,288 vehicles daily on 23 Mile Road and 10,093 on Schoenherr.
  • Affluent demographics with an average household income exceeding $151,000 within a three-mile radius.

OVERVIEW

This 3,605-square-foot former bank branch sits on a generous 1.54-acre parcel at the signalized intersection of 23 Mile Road and Schoenherr, offering maximum visibility and ease of access within a major Shelby Township retail corridor. The property features full movement in all directions, enhanced by multiple curb cuts and 40 surface parking spaces, supporting flexible access for customers and deliveries alike. Positioned just one mile east of the 23 Mile/M-53 four-way interchange, the site offers seamless regional connectivity and exposure to consistent commuter and consumer traffic. Zoned C-1 Local Retail Business, the property allows for a range of adaptive reuse or redevelopment possibilities—ideal for banking, freestanding retail, service users, or offices. Daily traffic counts surpass 34,000 vehicles at 23 Mile and Schoenherr combined, amplified by strong household incomes in the primary trade area, averaging over $151,000 within a three-mile radius. The building’s design and parcel size make it a rare opportunity in this competitive market where freestanding buildings are limited. Investors and owner-users will find this site particularly appealing due to its size, location, and adaptable zoning in a growing regional trade area.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$541 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,170 SF

ZONING

C-1

APN/PARCEL ID

23-07-14-400-038

ASK ABOUT THIS PROPERTY

Dave LongCBREMore Info
419-283-7363

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Dave LongCBREMore Info
419-283-7363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.