55921 & 55951 Gratiot Ave.

Office for Sale
Catylist Listing ID: 30024584
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 7,240 SF
Sale Price: $599,000
Unit Price: $82.73 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

7,240 SF investment properties with 7.6% cap. Includes (2) office/light industrial condos with professionally customized interiors. 55921 offers (4) 12' x16' window offices, 16' x 18' conference room, 12' x 22' reception area and an oversized admin workspace. 55951 offers a 3,480 sf office space PLUS 1,880 sf heated, warehouse with (2) 10' x14' overhead doors. Both units have long term tenants since 2003. Gratiot Ave. visibility, abundant parking & monument sign.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 09-04-402-001
Zoning: M2 GEN
Property Visibility: Excellent

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 32,925 72,367
Median Age: 35.68 37.65
Households: 11,495 26,128
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