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7601-7651 23 Mile Rd
Utica, MI 48316
Retail Property For Sale
Investment Highlights
- Offered at $7,500,000, providing a rare purchase opportunity below replacement cost.
- Prime frontage along 23 Mile Road with strong access to M-53 and major arterials.
- Suitable for a variety of redevelopment uses: industrial, retail, storage, or mixed-use concepts.
- 103,403 SF building situated on approximately 10.25 acres with extensive site flexibility.
- Surrounded by prominent retailers including Walmart, Amazon, Starbucks, and McDonald’s.
Executive Summary
This former Kmart property presents a significant opportunity for buyers seeking a value-add or owner-user investment in the growing Shelby Township market. Priced well below replacement cost at $7.5 million, the site includes a 103,403 SF building on approximately 10.25 acres, offering substantial flexibility for redevelopment and long-term investment strategies.
Strategically positioned along 23 Mile Road, one of the area’s busiest corridors, the property delivers strong regional connectivity with easy access to Van Dyke Avenue (M-53) and surrounding residential and commercial developments. The existing structure and expansive lot allow for multiple concept adaptations, including industrial, logistics, commercial retail, storage, or mixed-use projects, subject to municipal approvals.
Surrounded by national retailers such as Walmart, Amazon, and Starbucks, the location benefits from exceptional visibility and strong demographic fundamentals, including a 5-mile population exceeding 193,000 and average household incomes over $117,000. With robust consumer spending in the area, this property serves as a highly adaptable platform for next-generation development in a thriving economic landscape.
Strategically positioned along 23 Mile Road, one of the area’s busiest corridors, the property delivers strong regional connectivity with easy access to Van Dyke Avenue (M-53) and surrounding residential and commercial developments. The existing structure and expansive lot allow for multiple concept adaptations, including industrial, logistics, commercial retail, storage, or mixed-use projects, subject to municipal approvals.
Surrounded by national retailers such as Walmart, Amazon, and Starbucks, the location benefits from exceptional visibility and strong demographic fundamentals, including a 5-mile population exceeding 193,000 and average household incomes over $117,000. With robust consumer spending in the area, this property serves as a highly adaptable platform for next-generation development in a thriving economic landscape.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
103,403 SF
Building Class
C
Year Built
1973
Price
$7,500,000
Price Per SF
$72.53
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
10.11 AC
Zoning
C-3 - Commercial
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 23-07-16-476-028 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,662,700 |
Property Taxes
Parcel Number
23-07-16-476-028
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,662,700
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