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

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

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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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