49908 Gratiot

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30393593
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 6,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 Acres
Sale Price: $495,000
Unit Price: $75 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2019

Overview / Comments

Multiple tenant property located at 23 Mile & Gratiot
Rare free standing building for sale
Two Tenants currently on site:
Music Shop: 2,700 SF $1,500 per month (month to month lease)
Fire Suppression: 3,900 SF $2,250 per month (month to month lease)
Property Taxes: $5,205

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 15-09-19-428-006
Zoning: C-3
Property Visibility: Excellent
Property Condition: Good
Year Built: 1941
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 117
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,959 47,734 121,533
Median Age: 37.99 37.35 37.63
Households: 2,245 18,165 44,358

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