36984 Division Rd Richmond, MI $ 2,680,000
36984 Division Rd
$ 2,680,000
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36984 Division Rd

Richmond, MI, 48062
$ 2,680,000
Bedrooms-- Baths-- Sq 11,808

Monthly Estimate*

$ 16,922

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Commercial Property for sale in Richmond, MI

for $2,680,000. This 11,808 square foot building was built in 1982 on a lot size of 1.57.

Excellent investment opportunity in Richmond! Well-maintained 25 unit multi-family property offering strong income potential. Currently 100% occupied with a Net Operating Income (NOI) of $191,560. Conveniently located on Division Road with approximately 180 feet of road frontage and easy access to M-19 and surrounding communities. The property features spacious units, ample parking, and a large lot, providing an attractive opportunity for investors or owner-occupants. Financials available upon request. Schedule your private showing today. Seller is a licensed agent.

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Commercial Active

Price

$ 2,680,000

Property Type

Commercial

Taxes

$ 38,697

Style

RealEstateOnly

Lot Size

1.57

Year Built

1982

Town/City

Richmond

County/Region

Macomb

MLS | Web ID

20261057007

Features
General
Sewer PublicSewer
Heating Baseboard WallFurnace
Cooling WallWindowUnits
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Security Features SmokeDetectors
Construction Materials VinylSiding
Year Built 1982
Electric Volts220 CircuitBreakers
Levels Two
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
Accessibility AccessibleApproachWithRamp AccessibleBedroom AccessibleCentralLivingArea AccessibleClosets AccessibleCommonArea AccessibleDoors AccessibleEntrance AccessibleHallways AccessibleKitchen Access
County Macomb
Net Operating Income 145828.0
Operating Expense 97754.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Building Features DoorsUnder10ft DeHumidifier ENERGYSTARQualifiedWindows GutterGuardSystem OutsideLighting ProgrammableThermostat Sidewalks
Other Structures Sheds
Status Active
Directions Division Rd (32 Mile Rd) east of Main St. (M-19). Property on the north side of Division Rd.
City RichmondCity_Macomb
Senior Community Y/N N
High School District Richmond
Zoning Description MultiFamily
Number Of Units Total 25
MLS Area Area03032Richmond
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 25
Land Lease Y/N N
Tax Annual Amount 38697.06
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 662000
Expected Active Date 2026-07-24
Legal Description A/P NO. 7 (L17 P11); PART OF LO TS 1 2 & 3 TOGETHER DESC AS: COMM AT N + POST SEC 1; TH S0 0*08 30 E 33.00 FT TO POB; TH S0 0*08 30 E 310.32 FT; TH N87*27 39 W 280.84 FT; TH N02*07 16 E 54.78 FT; T
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Interior
Basement SumpPump
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 11808.0
Above Grade Finished Area Unit Type SquareFeet
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Exterior
Fencing FencingAllowed
Parking Features ParkingLot OnSite
Water Source SeparateMeters
Foundation Details Basement Block SumpPump
Spa N
Building Area Total 11808.0
Lot Dimensions 278x308
Lot Size Acres 1.57
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 36984
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* Excluded Features
List By
Nicholas Ottoy

Listing Agent

Exp Realty Main

Broker

(248) 214-7957

Phone

Affordability Calculator

$20,147
Per Month
84%
16%
0%
Monthly Principal & Interest
$16,922
Monthly Property Taxes
$3,225
Monthly 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
848856 Elementary School
848339 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 $2,680,000 with 11,808 sqft and a lot size of 1.57. 36984 Division Rd was built in 1982. The property's zip code is 48062 which is in Richmond, MI