27380 Gratiot Avenue Roseville, MI 48066
COMMERCIAL - Roseville, MI
- Added:
- Jun 4, 2024
- Days on Market:
- 769
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 27380 Gratiot Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 08-14-17-453-016
- Size
- 1,706 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Roof type
- Shingle
Listing agent Anthony Rubino License #6502425251 (586) 873-5419
Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI (586) 254-0900
Listing date Jun 4, 2024
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Investment Insights
Based on property information with market context.
Located in Roseville, the property is described as just seconds from I-696 and is surrounded by well-established businesses, including Costco and nearby local destinations such as the Roseville Rec Center and Joe Randazzo’s.
With its highly visible frontage and proven storefront use, the property may be a practical fit for an operator seeking a ready retail layout with an experienced, established tenant profile. Prospective buyers and tenants should plan to coordinate through the listing process due to the active operation, and any interest in acquiring the business would be handled separately from the real estate offering.
Key Highlights
- Traffic counts exceed 60,000 VPD on Gratiot Ave, with a large pole sign for exposure
- Building built in 1940 with forced air heating
- Parking lot on‑site
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.5k | $12.00 |
| − Vacancy | −$2.5k | −$1.44 |
| EGI | $18.0k | $10.56 |
| − OpEx | −$5.4k | −$3.17 |
| NOI | $12.6k | $7.39 |
Alternative Uses
Property Analytics
Current Use by Public Records
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