24001 Groesbeck Hwy. & 24080 Schoenherr Rd.

Retail-Commercial for Sale
Catylist Listing ID: 30589249
Property Subtypes: Convenience Store
Building Size (RSF): 5,210 SF
Gross Land Area: 0.62 Acres
Sale Price: $875,000
Unit Price: $167.95 PSF
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/20/2020

Overview / Comments

Great site for redevelopment, national QSR or tenant use. Excellent visibility and high-volume traffic area on Groesbeck Highway and Schoenherr Road signalized intersection. Two properties must be sold together:

- 24001 Groesbeck Highway: 2,880 sq. ft.
- 24080 Schoenherr Road: 2,330 sq. ft.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 1213-25-152-002
Zoning: R-5, M-2
Property Located Between: Schoenherr Rd.
Traffic/Vehicle Count: 20,210
Total Number of Buildings: 2
Roof Type: Flat
Exterior Description: Brick
Total Parking Spaces: 62
Sprinklers: None
Heat Source: Other
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,265 183,518 487,902
Median Age: 34.89 35.31 37.15
Households: 5,459 69,537 186,480

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