24850 Gratiot AveEastpointe, MI 48021

For Sale
$465,000

Prime Retail Space, 4,716 SF, $465,000

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail property, located at 24850 Gratiot Avenue in Eastpointe, Michigan, presents a lucrative investment opportunity. Boasting 4,716 square feet of space on a 0.11-acre lot, this property is currently configured as an event hall leased to a tenant and includes a second-floor apartment. The building is zoned B3, allowing for a variety of commercial uses. The asking price is $465,000, translating to a price per square foot of $98.60. Ample parking is available with 15 spaces, and the property benefits from an easement providing shared parking lot access. Situated in Macomb County, Michigan, with a zip code of 48021, this location offers high visibility and accessibility on Gratiot Avenue. The property's current configuration and zoning provide flexibility for a range of potential uses, making it an attractive option for both investors and owner-operators seeking a high-traffic location in a thriving commercial area. The existing lease provides immediate income potential, while the second-floor apartment adds to the property's overall value and versatility. This is a rare opportunity to acquire a well-located, established commercial property in a desirable market.

Highlights

  • 4,716 square feet available.
  • 0.11-acre lot.
  • B3 zoning.
  • 15 parking spaces.
  • Sale price: $465,000 ($98.60/sq. ft.).

Property Details for 24850 Gratiot Ave

Property type
Other retail properties, Retail properties
Square Feet
4,716 SF
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.478687
Longitude
-82.9481602
24850 Gratiot Ave, Eastpointe, Michigan

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24850 Gratiot Ave
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