21710 29 Mile Road Ray, MI $ 445,000
21710 29 Mile Road
$ 445,000
Share Save

21710 29 Mile Road

Ray, MI, 48096
$ 445,000
Baths0.0 Sq 3,752

Monthly Estimate*

$ 2,665

21710 29 Mile Road, Ray, MI 48096 - Image 1
21710 29 Mile Road, Ray, MI 48096 - Image 2
21710 29 Mile Road, Ray, MI 48096 - Image 3
21710 29 Mile Road, Ray, MI 48096 - Image 4
21710 29 Mile Road, Ray, MI 48096 - Image 5
21710 29 Mile Road, Ray, MI 48096 - Image 6
21710 29 Mile Road, Ray, MI 48096 - Image 7
21710 29 Mile Road, Ray, MI 48096 - Image 8
21710 29 Mile Road, Ray, MI 48096 - Image 9
21710 29 Mile Road, Ray, MI 48096 - Image 10
21710 29 Mile Road, Ray, MI 48096 - Image 11
21710 29 Mile Road, Ray, MI 48096 - Image 12
21710 29 Mile Road, Ray, MI 48096 - Image 13
21710 29 Mile Road, Ray, MI 48096 - Image 14
21710 29 Mile Road, Ray, MI 48096 - Image 15
21710 29 Mile Road, Ray, MI 48096 - Image 16
21710 29 Mile Road, Ray, MI 48096 - Image 17
21710 29 Mile Road, Ray, MI 48096 - Image 18
21710 29 Mile Road, Ray, MI 48096 - Image 19
21710 29 Mile Road, Ray, MI 48096 - Image 20
21710 29 Mile Road, Ray, MI 48096 - Image 21
21710 29 Mile Road, Ray, MI 48096 - Image 22
21710 29 Mile Road, Ray, MI 48096 - Image 23
21710 29 Mile Road, Ray, MI 48096 - Image 24
21710 29 Mile Road, Ray, MI 48096 - Image 25
21710 29 Mile Road, Ray, MI 48096 - Image 26
21710 29 Mile Road, Ray, MI 48096 - Image 27
21710 29 Mile Road, Ray, MI 48096 - Image 28
21710 29 Mile Road, Ray, MI 48096 - Image 29
21710 29 Mile Road, Ray, MI 48096 - Image 30
21710 29 Mile Road, Ray, MI 48096 - Image 31
21710 29 Mile Road, Ray, MI 48096 - Image 32
21710 29 Mile Road, Ray, MI 48096 - Image 33
21710 29 Mile Road, Ray, MI 48096 - Image 34
21710 29 Mile Road, Ray, MI 48096 - Image 35
21710 29 Mile Road, Ray, MI 48096 - Image 36
21710 29 Mile Road, Ray, MI 48096 - Image 37
Studio

Commercial Property for sale in Ray, MI

for $445,000. This 3,752 square foot building was built in 1942 on a lot size of 0.65.

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. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion.

See more

Commercial Active

Price

$ 445,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,853

Style

Commercial/Industrial

Lot Size

0.65

Year Built

1942

Town/City

Ray

County/Region

Macomb

MLS | Web ID

50147583

Features
General
Heating Forced Air
Cooling Central A/C HVAC
Roof Metal
Water Private Well
Status Active Active
Year Built 1942
Parking 6-10 Spaces
Subdivision None MI
Water Heater Gas
County Macomb
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Ray Twp
Zoning Commercial
Commercial Features 110 Volt Power 220 Volt Power Bath Cable Internet Installed Concrete Floor Private Restrooms Telephone Tile Floors
Area Ray Twp (50005)
Primary City Ray
Location Corner Lot Main Street
City Ray
Financial Terms Cash Conventional Land Contract
Legal Description T4N R13E SEC 22 BEG AT A PT 544 FT S89*44'W OF NE COR SEC 22; TH S89*44'W 194 FT; TH S33*30'E 265 FT; TH N89*32'E 63 FT TH N3*56'E 221.9 FT TO PT OF BEG 0.65 A.
DOM 76
Postal Code 48096
Price Per Sq Ft Total AG 118.6
Coming Soon Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs
See more
Exterior
Exterior Concrete/Block
Frontage 144
Flood Plan None
Lot Size Area 0.65
Lot Dimensions 144 X 187 X 27 X 223
Well/Septic Inspection Done Yes
Roads City/County
Waterfront Y/N No
See more
Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
See more
* Excluded Features
List By
John Bolos

Listing Agent

Century 21 Aaa North-Macomb

Broker

john@c21aaanorth.com

Email

Affordability Calculator

$2,820
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,665
Monthly Property Taxes
$154
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2024$445,000 Listed Price

Map


See all

21710 29 Mile Road, Ray, MI, 48096 is a Commercial Property for sale at $445,000 with 3,752 sqft and a lot size of 0.65. 21710 29 Mile Road is a studio with 0.0 baths and was built in 1942. The property's zip code is 48096 which is in Ray, MI