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13555 23 Mile Rd 3,605 SF Retail Building Utica, MI 48315 $2,749,188 CAD ($762.60 CAD/SF)



Investment Highlights
- Located at a signalized intersection with full movement access for superior ingress and egress.
- Zoned C-1 Local Retail Business, supporting multiple retail and commercial uses.
- High traffic corridor with 23,288 vehicles daily on 23 Mile Road and 10,093 on Schoenherr.
- Positioned on a large 1.54-acre parcel providing 40 on-site parking spaces for customer convenience.
- Close proximity to the 23 Mile/M-53 interchange and major shopping destinations in Shelby Township.
- Affluent demographics with an average household income exceeding $151,000 within a three-mile radius.
Executive Summary
This 3,605-square-foot former bank branch sits on a generous 1.54-acre parcel at the signalized intersection of 23 Mile Road and Schoenherr, offering maximum visibility and ease of access within a major Shelby Township retail corridor. The property features full movement in all directions, enhanced by multiple curb cuts and 40 surface parking spaces, supporting flexible access for customers and deliveries alike. Positioned just one mile east of the 23 Mile/M-53 four-way interchange, the site offers seamless regional connectivity and exposure to consistent commuter and consumer traffic.
Zoned C-1 Local Retail Business, the property allows for a range of adaptive reuse or redevelopment possibilities—ideal for banking, freestanding retail, service users, or offices. Daily traffic counts surpass 34,000 vehicles at 23 Mile and Schoenherr combined, amplified by strong household incomes in the primary trade area, averaging over $151,000 within a three-mile radius. The building’s design and parcel size make it a rare opportunity in this competitive market where freestanding buildings are limited. Investors and owner-users will find this site particularly appealing due to its size, location, and adaptable zoning in a growing regional trade area.
Zoned C-1 Local Retail Business, the property allows for a range of adaptive reuse or redevelopment possibilities—ideal for banking, freestanding retail, service users, or offices. Daily traffic counts surpass 34,000 vehicles at 23 Mile and Schoenherr combined, amplified by strong household incomes in the primary trade area, averaging over $151,000 within a three-mile radius. The building’s design and parcel size make it a rare opportunity in this competitive market where freestanding buildings are limited. Investors and owner-users will find this site particularly appealing due to its size, location, and adaptable zoning in a growing regional trade area.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,605 SF
Building Class
C
Year Built
1987
Price
$2,749,188 CAD
Price Per SF
$762.60 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.54 AC
Zoning
C-1 - Commercial Zoned District
Parking
50 Spaces (13.87 Spaces per 1,000 SF Leased)
Frontage
280’ on 23 Mile Rd
Amenities
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-07-14-400-038 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,075,144 CAD |
Property Taxes
Parcel Number
23-07-14-400-038
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,075,144 CAD
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13555 23 Mile Rd
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