7601-7651 23 Mile Rd 103,403 SF Vacant Retail Building Utica, MI 48316 $75,000,000 ($725.32/SF)

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.