1219-1225 Gratiot
Retail-Commercial
for Sale
| Catylist Listing ID: |
30466838 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
6,321 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.85 Acres
|
| Sale Price: |
$490,000 |
| Unit Price: |
$77.52 PSF |
| Ceiling: |
20 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/18/2021 |
Overview / Comments
|
Unique opportunity that is five properties in one. There is a 1,600 sf retail building that is currently leased out to Subway, a 1,300 sf office (currently partitioned into 3 small offices), a 3,500 sf steel Quonset shop and two vacant parcels. Frontage on SB Gratiot, Harrington, and NB Gratiot.
|
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Macomb |
| Submarket/Township: |
Macomb East |
| Tax ID/APN: |
11-23-176-032, 11-23-176-034, 11-23-076-044 |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
| Property Condition: |
Good |
| Year Built: |
1963 |
| Total Parking Spaces: |
25 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Lot Frontage: |
90 |
| Lot Depth: |
300 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,325 |
101,649 |
254,357 |
| Median Age: |
41.01 |
40.08 |
40.97 |
| Households: |
6,706 |
43,097 |
105,858 |
|
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