27810 23 Mile Rd - Storefront FOR SALE


Chesterfield, MI 48051- New Baltimore
$4,100,000 USD
248-760-2439
27810 23 Mile Rd, Chesterfield, MI for Sale
$4,100,000 USD
Storefront - FOR SALE
1/6
null | 5.85% Cap Rate

27810 23 Mile Rd
Chesterfield, MI 48051
New Baltimore


HIGHLIGHTS

  • Fully leased multi-tenant retail investment with national restaurant tenants.
  • Corner location provides visibility along 23 Mile Road.
  • Drive-thru configuration supports tenant operations and customer convenience.
  • Pylon signage enhances exposure to passing traffic.
  • Located near established national retailers and commercial development.
  • Modern construction completed in 2016.

OVERVIEW

Chipotle & Potbelly Center is a fully leased multi-tenant retail investment located along 23 Mile Road in Chesterfield, Michigan. The property is occupied by nationally recognized restaurant tenants and offers an established income stream supported by a 100% leased rent roll. The center benefits from direct frontage on 23 Mile Road, corner-lot positioning, pylon signage, and drive-thru functionality, providing strong visibility and customer access. The property is situated within a major retail corridor that serves Chesterfield Township and surrounding communities including New Baltimore, New Haven, Richmond, and Macomb. Existing cross-access connectivity with adjacent retail development enhances circulation and convenience for customers. Nearby national retailers, including Lowe’s, contribute to the area's established commercial activity and consumer traffic patterns. Constructed in 2016, the asset consists of a single-story retail building on approximately 1.53 acres. The combination of modern construction, national-brand tenancy, and frontage along a heavily traveled commercial corridor positions the property as a stabilized retail investment opportunity. Its location within an active suburban trade area provides access to a broad customer base and supports the long-term functionality of the center.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Potbelly Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

C3 GEN

APN/PARCEL ID

15-09-20-126-014

ASK ABOUT THIS PROPERTY

248-760-2439

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248-760-2439

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