Ray, MI 48096,21710 29 Mile RD
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Franny Kanalos

Franny Kanalos

+1(586) 243-1533
$ 375,000
Est. payment | /mo

3,752 SqFt

Save Virtual Tour
$ 375,000
Est. payment | /mo
Save Virtual Tour

3,752 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,752 sqft

Price per Sqft $99

MLS Listing ID 58050182364

Year Built 1942

Lot Size 0.650 Acres

Acres 0.65

Property Description

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. Huge lot would allow plenty of space for expansion. Will consider all reasonable offers!

Location

State MI

County Macomb

Area Area03051Raytwp

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Other

Flooring Concrete, Tile

Fireplace No

Exterior

Parking Features Other

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Metal

Building

Foundation Slab

Sewer Septic Tank

Water Well

New Construction No

Schools

High Schools New Haven

School District New Haven

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition ShortSaleNo, Standard

Virtual Tour https://tours.cozycornermedia.com/248694

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Ahmed Arafa of Century 21 Professionals

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Middle Schools 1
  • 0

    Endeavour Middle School

    Public | 6 - 8

High Schools 1
  • 0

    Austin Catholic Academy High School

    Private | 9 - 12

School and business data provided by Attom Data.
Franny Kanalos

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI, 48036, USA

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21710 29 Mile RD