22220 Gratiot AveEastpointe, MI 48021

For Sale
$359,999

Three-unit shopping center, 4800 sq ft.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 4,800 square foot shopping center ideally situated in Eastpointe, MI, at 22220-22228 Gratiot. The property sits on a 1.05-acre lot and comprises three individual units, each boasting 1600 square feet of space. Each unit benefits from separate utility meters, offering flexibility and independent control for tenants or potential buyers. The seller is open to selling each unit individually, presenting a unique opportunity for both large-scale investors and smaller-scale buyers. Significant recent improvements enhance the property's value and appeal. These upgrades include updated electrical systems and plumbing, along with the replacement of all windows and doors, ensuring modern functionality and curb appeal. Currently, one unit is occupied by a month-to-month tenant operating a barber shop, providing immediate rental income potential. This property offers a compelling blend of existing income, significant recent renovations, and the potential for further development or individual unit sales, making it an attractive investment in a desirable Eastpointe location. The asking price for the entire property is $359,999.

Property Details for 22220 Gratiot Ave

Property type
Industrial properties, Other industrial properties
Square Feet
4,800 SF
Year Built
1952
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.46093
Longitude
-82.95984
22220 Gratiot Ave, Eastpointe, Michigan

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22220 Gratiot Ave
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