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24935 Gratiot Ave
Eastpointe, MI 48021
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7,100 SF building situated on 0.3 AC.
- Just seconds from the I-94 and I-96 expressways.
- Contact broker for more information.
- Property features 59 parking spaces.
- Price represents an 8% cap rate.
EXECUTIVE SUMMARY
Located on Gratiot Ave with high traffic counts and dense population. Single tenant NNN lease with the largest local banquet hall.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,138 SF
Building Class
C
Year Built
1928
Price
$1,004,203 CAD
Price Per SF
$140.68 CAD
Cap Rate
7.95%
NOI
$79,786 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.30 AC
Zoning
RETAIL 5K
Parking
59 Spaces (8.27 Spaces per 1,000 SF Leased)
Frontage
74’ on Gratiot Ave
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 02-14-30-226-041 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $358,024 CAD |
PROPERTY TAXES
Parcel Number
02-14-30-226-041
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$358,024 CAD
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