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33700660
33700661

27810 23 Mile Road, New Baltimore, MI 48051

JG
MI 6501410726
CBRE - Detroit
PF
NY 10401232530
CBRE - Detroit
RW
MI 6501433828
CBRE - Detroit
CG
MI 6502343838
CBRE - Detroit
Listed by CBRE - Detroit
$4,100,000
6 days on market
Updated 5 days ago

Chipotle (Multi-Tenant) Retail , Lowe's Shadow-Anchored

Details
APN 15-09-20-126-014
Property Type Retail
Sub Type Shopping Center
Square Footage 7,098
Net Rentable (SqFt) 7,098
Units 1
Cap Rate 5.85%
NOI $240,123
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Cosmo Prof
Broker Co-Op False
Year Built 2016
Stories 1
Lot Size (SqFt) 65,935
Zoning C3 GEN
Ground Lease No

Premier Multi-Tenant Retail Strip

Marketing description

CBRE is pleased to present the opportunity to acquire the retail property located at 27810-27830 23 Mile Road (the "Property") in Chesterfield, Michigan. This modern asset, built in 2016, encompasses 7,248 square feet across 1.53 acres and is strategically situated along 23 Mile Road, a key commercial thoroughfare.

The Property boasts 100% occupancy with a strong tenant lineup including Chipotle Mexican Grill, Savvy Sliders, and Cosmo Prof, providing stable income and diverse service offerings. The location benefits from significant traffic, with counts of 30,955 vehicles per day on 23 Mile Road, ensuring high visibility and accessibility for tenants.

Chesterfield Township and the broader Macomb County area represent a growing and affluent market. The median household income in Macomb County was $77,837 in 2024, while Chesterfield Township specifically reports a median household income of $92,377 as of 2025, indicating a robust consumer base. The township’s population is projected to be 48,623 in 2026, growing at an annual rate of 1.79%.

This unique opportunity allows investors to acquire a fully occupied, modern retail property with established national and regional tenants in a thriving Macomb County submarket, offering long-term stability and growth potential. The property is being offered free and clear of existing financing. All inquiries should be directed to CBRE.

Listing Contacts

JG
MI 6501410726
CBRE - Detroit
PF
NY 10401232530
CBRE - Detroit
RW
MI 6501433828
CBRE - Detroit
CG
MI 6502343838
CBRE - Detroit
Listed by CBRE - Detroit

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,123.00
$20,010.25/mo

Valuation Metrics

0
DSCR
5.86%
Cap Rate
5.86%
ROI

Map

Zoning

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C4 CommercialSpecial CommercialMulti Use Commercial
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jake Ginster
License
6501410726
Brokerage
CBRE, Inc.
Brokerage Phone
2483512082
Brokerage Address
2000 Town Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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