36984 Division Rd Richmond, MI ^$ 2,490,000

36984 Division Rd

^$ 2,490,000

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36984 Division Rd

Richmond, MI, 48062

^$ 2,490,000

Bedrooms-- Baths-- Sq 11,808

Monthly Estimate*

^$ 15,722

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Commercial Property for sale in Richmond, MI

for $2,490,000. This 11,808 square foot building was built on a lot size of 1.57.

Excellent investment opportunity in Richmond! Well-maintained 25-unit multifamily property offering strong current income with additional upside potential. The property is currently 100% occupied with a Net Operating Income (NOI) of $164,494.65. Situated on approximately 1.68 acres with roughly 180 feet of frontage on Division Road, the property offers convenient access to M-19 and surrounding communities. Features include spacious units, ample on-site parking, storage sheds providing supplemental income, and additional potential through future rent growth. Financials, rent roll, and additional property information available upon request. Please do not disturb tenants. Showings by appointment only with proof of funds or lender qualification preferred. Seller is a licensed real estate agent.

Commercial Active

Price

^$ 2,490,000

Property Type

Commercial

Taxes

^$ 38,697

Style

Commercial/Industrial

Lot Size

1.57

Town/City

Richmond

County/Region

Macomb

MLS | Web ID

61014466

Features

General

Heating Baseboard

Possession At Close

Roof Asphalt

Status Active Active

Year Built 19

Water Heater Gas

County Macomb

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Richmond

Zoning Multi-Family

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features 220 Volt Power Overhead Doors

Area Richmond (50032)

Primary City Richmond

Directions Division Rd (32 Mile Rd) east of Main St. (M-19). Property on the north side of Division Rd.

City Richmond

Financial Terms Cash Conventional Exchange/Trade

Legal Description A/P NO. 7 (L17 P11); PART OF LO TS 1

DOM 40

Postal Code 48062

Price Per Sq Ft Total AG 210.87

Public Remarks

Exterior

Exterior Vinyl Siding

Exterior Amenities Security Lighting

Frontage 177

Lot Size Area 1.57

Lot Dimensions 278x308

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Nicholas Ottoy

Listing Agent

Exp Realty Main

Broker

nicholas.ottoy@exprealty.com

Affordability Calculator

$18,947

Per Month

Monthly Principal & Interest: $15,722
Monthly Property Taxes: $3,225
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Richmond, MI

Average List Price ^$1,012,278

Percent of Sale Price 59%

About Richmond, MI

6,005 Population

22% Since 2002

^$46,866 Median Income

41.94 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/27/2026	$2,490,000	-7.09%	Price Down
7/24/2026	$2,680,000		Listed Price

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36984 Division Rd, Richmond, MI, 48062 is a Commercial Property for sale at $2,490,000 with 11,808 sqft and a lot size of 1.57. The property's zip code is 48062 which is in Richmond, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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36984 Division Rd

Commercial Property for sale in Richmond, MI

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