Gratiot AveEastpointe, MI 48021

For Sale
$359,999

Three-unit shopping center, high-return potential.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 4800 square foot shopping center ideally situated in Eastpointe, Michigan. The property boasts three individual units, each spanning 1600 square feet, offering significant flexibility for potential buyers. Each unit is equipped with its own separate utilities, providing independent control and operational efficiency. The seller is open to selling each unit individually, presenting a unique opportunity for both large-scale investors and smaller-scale entrepreneurs. The property has undergone recent and significant improvements, including updated electrical systems and plumbing, as well as the installation of brand new windows and doors, enhancing both the aesthetic appeal and the energy efficiency of the building. Currently, one unit is occupied by a month-to-month tenant operating a barber shop, providing immediate rental income. The property sits on a sizable 1.05-acre lot, offering ample space and potential for future expansion or development. This prime commercial location in Eastpointe presents a rare chance to acquire a well-maintained, versatile property with strong income potential and significant upside. The combination of updated infrastructure, individual unit flexibility, and a desirable location makes this an attractive investment for discerning buyers seeking a profitable venture in a thriving market. The property's size and layout offer a variety of potential uses, making it an ideal investment for both seasoned investors and those new to the commercial real estate market.

Property Details for Gratiot Ave

Property type
Other commercial real estate
Year Built
1952
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.45028
Longitude
-82.96748
Gratiot Ave, Eastpointe, Michigan

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Gratiot Ave
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