50285 Mound Road, Shelby Charter Township, MI 48317
Macomb County
Key Facts
Description
Positioned for maximum visibility and success, this exceptional 4043 sq ft commercial building sits on 1.59 acres along bustling Mound Road, offering outstanding exposure in a high-demand corridor. Currently home to the well-known Esplendido Mexican Restaurant, the property features a versatile layout ideal for continued restaurant use or adaptable for retail, office, or other commercial ventures. The expansive site provides abundant on-site parking with additional space for future expansion or redevelopment, making it a rare and valuable asset for both owner-users and investors. In addition to the real estate, the thriving restaurant business is available, presenting a true turnkey opportunity with immediate income potential. This established destination is fully equipped for seamless operation. Highlights include a spacious dining area, inviting outdoor patio, and a distinctive Tiki Bar that enhances the overall customer experience. The property is outfitted with a fire suppression system and all essential infrastructure. Whether you're looking to expand your portfolio or step into ownership of a fully operational restaurant, this high-profile opportunity delivers location and visibility. Flexible purchase options are available, including the possibility to acquire the real estate independent of the business operation.
Property Information
Property Type
Commercial Sale
Year Built
1976
Living Area
4,043 sq ft
Lot Size
1.59 acres
Lot Dimensions
155 x irreg
Days on Market
3
MLS® Listing#
58050203249
Property Features
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$12,946
Assessed Value
$273,043
Parcel Number
230720278026
Affordability Calculator
$214,000
Estimated monthly payment
$5,695/mo
Principal $856,000 · Est. interest $1,194,196 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Shelby Charter Township, MI
- $402,276
- Median Listing Price
- 73
- Median Days on Market
- 1,786
- Median Sq Ft
- $213
- Median Price / Sq Ft
- 11,470
- Active Listings
- This home’s price is 166% above the area median.
- Its price per sq ft is 24% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Shelby Charter Township, MI.
Location
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Points of Interest in Shelby Charter Township, MI
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 8085 Wadding Drive, Cambridge Township, MI | $749,000 | 4 | 4 | 3,724 |
| 1200 W Houghton Lake Drive, Denton Township, MI | $749,000 | — | — | 6,791 |
| 677 Tuttle Road, Baroda Township, MI | $749,000 | 3 | 4 | 2,540 |
| 13920 E Old US Hwy 12, Lima Township, MI | $749,000 | — | 2 | 2,700 |
| 3129 E Laketon Avenue, Muskegon Charter Township, MI | $749,000 | — | 2 | 10,960 |
| 3440 Geneva Highway, Rollin Township, MI | $749,000 | 7 | — | — |
Moving Cost Estimate
EXIT Agents in Shelby Charter Township
Listing Courtesy: RE/MAX Advisors - 5867251900
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