Catylist ID:
#30826688
1447 Gratiot
Industrial
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30826688 |
| Property Subtypes: | Free-Standing, Mixed Use |
| Building Size (RSF): | 7,800 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.17 Acres |
| Sale Price: | $895,000 |
| Unit Price: | $114.74 PSF |
| Ceiling: | 18 ft. |
| Office SF: | 1,800 SF |
| Drive In Bays: | 6 Bays |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Auto Pro Auto Service |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.0% |
| Last Updated: | 9/7/2023 |
Overview / Comments
|
OWNER MOTIVATED TO SELL - MAKE OFFER! Great frontage on Gratiot! 6 overhead doors with 16ft - 18ft ceiling height. Currently on long-term lease $8,500/mo NNN. 6% CAP rate. Property backs to new McDonalds and new storage facility. |
Attachments & Media
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Macomb |
| Submarket/Township: | Macomb East |
| Tax ID/APN: | 16-11-23-176-043 |
| Zoning: | B3 |
| Property Located Between: | North of 16 Mile Road |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1967 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Parking Type: | Surface |
| Total Parking Spaces: | 50 |
| Overhead Cranes: | Undisclosed |
| Amps: | 220 |
| Volts: | 440 |
| X-Phase: | 3 |
| Heat Type: | Natural Gas |
| Heat Source: | Radiant |
| Lot Frontage: | 106 |
| Lot Depth: | 406 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,016 | 103,117 | 259,706 |
| Median Age: | 41.25 | 40.41 | 41.22 |
| Households: | 7,231 | 43,564 | 108,606 |
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