25001 Gratiot Avenue

    Eastpointe, MI 48021
    • $2,887,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: 218111359
    UPDATED: 194 min ago
    $2,887,000
    • 0
      BEDS
    • 2.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,050
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1984
    County:
    Area:
    Zoning: Commercial,Office
    Lot Size Dimensions: 382 X 234 X 502 X 260

    School Ratings & Info

    School District:

    Description

    10 UNIT SHOPPING CENTER/PLAZA, HUGE OVER 23,000 SQUARE FOOT LOCATED ON OVER 2 ACRES! PROPERTY HAS 382 FT OF BUSY GRATIOT ROAD FRONTAGE & 234 FT OF TEN MILE ROAD FRONTAGE, ALL 10 UNITS ARE LEASED OUT, OCCUPIED UNITS INCLUDE 4,520 SQ FT RESTAURANT, 1,135 SQ FT HAIR SALON, 1,000 SQ FT PIZZERIA, 1,400 SQ FT COMPUTER STORE, 1,000 SQ FT MASSAGE PARLOR, 1,000 SQ FT NAIL SALON, 2,600 SQ FT DENTAL OFFICE, 500 SQ FT TOBACCO STORE, 1,100 SQ FT T-SHIRT STORE & 8,800 SQ FT MASTER LEASED TO OWNER,GREAT MONEY MAKER WITH A CAP RATE OF 7.6, EXCELLENT TRAFFIC COUNTS & ACTIVE RETAIL MARKET, EASY ACCESSIBILITY WITH EXCELLENT VISIBILITY, WELL MAINTAINED AND OCCUPIED ALL DATA APX.

    Monthly Payment Calculator

    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-21T23:56:17.023.
    www.detroitmetrorealestate.com/homes/89481613

    25001 Gratiot Avenue Eastpointe, MI 48021

    • Price: $2,887,000
    • Status: Active
    • Updated: 194 min ago
    • ID#: 218111359
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.25
    Acres
    23,050
    SQFT
    $125
    $/SQFT
    1984
    Built
    Neighborhood:
    A/P # 02 Eastpointe
    County:
    Macomb
    Area:
    Eastpointe
    School District:
    EAST DETROIT
    Property Description
    10 UNIT SHOPPING CENTER/PLAZA, HUGE OVER 23,000 SQUARE FOOT LOCATED ON OVER 2 ACRES! PROPERTY HAS 382 FT OF BUSY GRATIOT ROAD FRONTAGE & 234 FT OF TEN MILE ROAD FRONTAGE, ALL 10 UNITS ARE LEASED OUT, OCCUPIED UNITS INCLUDE 4,520 SQ FT RESTAURANT, 1,135 SQ FT HAIR SALON, 1,000 SQ FT PIZZERIA, 1,400 SQ FT COMPUTER STORE, 1,000 SQ FT MASSAGE PARLOR, 1,000 SQ FT NAIL SALON, 2,600 SQ FT DENTAL OFFICE, 500 SQ FT TOBACCO STORE, 1,100 SQ FT T-SHIRT STORE & 8,800 SQ FT MASTER LEASED TO OWNER,GREAT MONEY MAKER WITH A CAP RATE OF 7.6, EXCELLENT TRAFFIC COUNTS & ACTIVE RETAIL MARKET, EASY ACCESSIBILITY WITH EXCELLENT VISIBILITY, WELL MAINTAINED AND OCCUPIED ALL DATA APX.
    Exterior Features

    Airport YN Yes Architecture Level 1 Story Commercial Exterior Features Outside Lighting Construction Materials Brick Distance To Airport 25 Distance To Interstate 3 Distance To Rail 10 Distance To Waterway 15 Foundation Details Slab Foundation Materials Other Interstate YN Yes Lot Size Dimensions 382 X 234 X 502 X 260 Railroad YN Yes Road Frontage Feet 382 Road Frontage Type Paved Roof Material Rubber Waterfront YN No Waterway YN Yes

    Interior Features

    Heating Cooling Central AirForced AirZoned Heating Fuel Natural Gas Office Heating Cooling Central Air Plant Heating Cooling Forced AirZoned Room Count 0 Sq Ft Main 23050 Sq Ft Office 23050 Sq Ft Source City Water Heater Fuel Natural Gas

    Property Features

    Apod Available YN Yes Assessment None Known Business Type MedicalOfficeRetailService Commercial Type CommercialReal Estate Only Current Use Strip Center/Plaza Encroachment YN No Gross Scheduled Income 1.00 Inventory Included YN No Inventory List YN Yes Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 1 Net Operating Income 1.00 Operating Expense 1.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession Tenants Rights Postal City Eastpointe Protection Period 180 Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 47793.0000 Tax Amount Winter 2148.0000 Title Private - Owned Total Tax 49941.0000 Unparsed Address 25001 GRATIOT AVE Water Source Municipal Water Zone Conform YN Yes Zoning CommercialOffice

    IDX provided courtesy of Realcomp II Ltd., via Century 21 Curran & Oberski and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-21T23:56:17.023.
     
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