295 Southbound Gratiot Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30803767
Property Subtypes: Free-Standing Building
Building Size (RSF): 16,200 SF
Gross Land Area: 0.99 Acres
Sale Price: $950,000
Unit Price: $58.64 PSF
Ceiling: 18 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

Great opportunity to own a showroom building along busy Southbound Gratiot Avenue, with visibility and access along Northbound Gratiot Avenue. The building is currently occupied by ownership and has sublet space on a month-to-month basis for the rear part of the 295 SB Gratiot for $3,000 a month.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 11-14-379-011
Zoning: MU-3
Retail Clientele: General, Business
Property Visibility: Good
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 16,200 SF
Property Condition: Average
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,050 99,607 250,681
Median Age: 40.88 40.12 40.79
Households: 6,243 42,325 103,040

Contact

Photograph of Listing Agent

Brian Kirksey

Ethos Real Estate Inc
CPIX Member
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