Downtown District Eastpointe - Retail

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30745420
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 3,255 SF
Sale Price: $240,000
Unit Price: $73.73 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

Great investment building features 2 great retail spaces approximately 1500 sq ft each.
Located on Gratiot with street parking as well as surface parking in the rear of the building. Entrances streetside and in the back of the building.

Suite 1 - 23035 Gratiot - is an open floor plan to 2 offices in the back with an ADA bathroom and another Sink only bathroom in the back.

Suite 2 - 23039 Gratiot is an open floor plan with 2 bathrooms in the back.

These suites are perfect for a Clothing boutique, Cell Phone Store, Salon, Spa, Tide Self Serve laundry, Pizza shop etc.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 1430379029
Retail Clientele: General, Family, Business
Property Located Between: 9 Mile Rd & Stephens
Property Visibility: Excellent
Largest Nearby Street: Gratiot Avenue
Feet of Frontage: 47
Traffic/Vehicle Count: 30,000
Highway Access: Approximately 1 mile South of 696 with a exit and entrance ramp directly onto Gratiot Avenue.
Airports: Detroit City Airport 5 Miles, Metro Detroit 41 Miles
Site Description: Gratiot is a divided highway in the Downtown District of Eastpointe and this property sits in a Green Park like area across from St. Peters. FREE Street parking offers quick in and out ability for customers.
Area Description: The City of Eastpointe - A Family Towne is located West of St. Clair Shores and North of the Gross Pointes with quick access to I94, 696 and I75.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,500 SF
Property Condition: Good
Year Built: 1952
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Front and Back - Brick/concrete block Sides adjoin other properties - Concrete block walls separate the adjoining properties to the North and South.
Total Parking Spaces: 8
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface, Other
Parking Description: FREE Street Parking Surface parking in rear of building
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Currently Open Floor Plan with bathrooms in each suite. Entrance out front at the street and back parking lot entrance.
Zoning Description: Downtown Development Authority
Part of Planned Development?: Yes
Lot Frontage: 47
Lot Depth: 152
Water Service: Municipal
Sewer Type: Municipal
Legal Description: REIN'S SUBDIVISION NO. 1 LOT 75 LIBER 4; PAGE 21

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,648 194,823 435,567
Median Age: 35.12 36.1 37.48
Households: 9,788 74,431 167,828
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