68104-68074-680 Main Street $1,200,000

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    68104-68074-680 Main Street Richmond, MI 48062

    • 27,443 sq. ft.
    • 0.63 Acres
    • Commercial
    • MLS# 50158135
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    Views: 4 Days On Site: 40

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    Property Details

    Rare Investment Opportunity in Northern Macomb County!** Attention investors and developers: this is your chance to secure three prime commercial buildings situated on a **high-traffic Main Street** in **Richmond, Michigan**, where over **25,000 vehicles pass daily**. Positioned on a rural state highway, this location offers unparalleled visibility with **0% risk of a freeway reroute** due to the area's established infrastructure and rural nature. Richmond is a **thriving, up-and-coming community**, home to more than **25,000 captive surrounding residents** who rely on this business district as their central hub for services, shopping and dining. Poised for continued growth, this property is ideal for a **redevelopment grant** project, presenting the perfect opportunity to **scrape the existing structures** and build a vibrant, **three-story mixed-use condominium development**. Imagine a modern, walkable **mixed-use project** featuring retail or restaurant space on the ground level and upscale condominiums above'”catering to Richmond's growing demand for residential and commercial space. Whether you're looking to tap into the city's strong local economy or capitalize on the area's natural growth, this project offers an **incredible upside** with potential financial incentives available for redevelopment. Don't miss out on this **rare opportunity** to shape the future of Richmond's vibrant business district!

    • General Features
      • Acreage 0.63
      • Area Municipality Richmond (50032)
      • County Macomb
      • Originating MLS MiRealSource
      • Ownership Private
      • Total SqFt Finished 27443
      • Waterfront Y/N No
      • Year Built 1905
    • Property Features
      • Water Public Water
      • Lot Size 9999999
      • Sewer Septic Public Sanitary

    Neighborhood

    48062 (Richmond) Demographics

    37 Median Age
    244 Population Density (per sq. mile)
    32% College Educated
    $64,620 Estimated Median Income
    2,794 Estimated Total Home Owners
    592 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    9,655 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $310,000 Median Sales Price
    9 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,200,000
        10/12/2024 4:53:00 PM New in Database Source: Multiple Listing Service New Value: $1,200,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.