27700 Gratiot Avenue

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30278370
Property Subtypes: Office Building, Other
Building Size (RSF): 10,926 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Sale Price: $545,000
Unit Price: $49.88 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/19/2018

Overview / Comments

Former Roseville municipal building in great condition. Many opportunities for a user with a rental income stream of $4,100/month in place. Current rental income stream only reflects 30% of the available square footage making this property a great value-add deal. Large parking field with expansion possible. Priced to sell! Delivery Area: Rear Access.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $12,520 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 14-17-427-062
Zoning: B3
Property Located Between: N. of I-696
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1928
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Brick
Total Parking Spaces: 31
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,305 171,403 389,832
Median Age: 36.87 40.28 39.2
Households: 8,978 71,274 158,111
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