25001 Gratiot Avenue
Eastpointe, MI 48021

$2,887,000

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.

Details

MLS#218111359
StyleRetail
Sub-TypeResale
StatusActive
Year1984
Days On Site94

Features

SQ Feet23,050
Story(s)1
ZoningCommercial,Office

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Area Information

StateMI
CountyMacomb
CityEastpointe
Zip Code48021
AreaEastpointe
Listing VS Median (in 48021)
Price:
$2,887,000
low | high
Med:
$66,900
100% of Average
SqFt:
23,050
low | high
Med:
689
100% of Average
$ / SqFt:
$125
low | high
Med:
$97
72.47691593817% of Average
On Site:
94
low | high
Med:
34
100% of Average
Listing Updated: 02/17/2019
MLS Number: 218111359
Listing Provided By:
Dave W Abdallah  of  Century 21 Curran Oberski
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