Retail Storefront with Pole
For Sale
$210,000
27380 Gratiot Avenue, Roseville, MI 48066
COM/IND/BUS OPP, Roseville, MI
Property Size1,706 SF
Lot Size0.12 Acres
Price / SF$123.09
Days on Market815
Property Features for 27380 Gratiot Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Roseville Farms # 04
Lot features
Main Street
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 Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Jun 4, 2024
Changed: Aug 19
Last Checked: Aug 27 at 11:06PM
MLS# 50144128
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,706-square-foot retail storefront occupies a 0.12-acre site in Roseville. Built in 1940, the building has operated as a salon for the past 30 years and includes forced-air heating, a shingle roof, public water service, and a parking lot. The existing salon business may also be purchased separately.
The property fronts Gratiot Avenue, where traffic counts exceed 60,000 VPD. A large pole sign serves the site, and the location is near I-696, Costco, Roseville Recreation Center, Joe Randazzo’s, and other established businesses. Showings and inquiries are by appointment only, and the current business and employees should not be disturbed.
The property fronts Gratiot Avenue, where traffic counts exceed 60,000 VPD. A large pole sign serves the site, and the location is near I-696, Costco, Roseville Recreation Center, Joe Randazzo’s, and other established businesses. Showings and inquiries are by appointment only, and the current business and employees should not be disturbed.
Key Highlights
- 1,706‑square‑foot retail storefront on a 0.12‑acre site
- Frontage on Gratiot Avenue with traffic counts exceeding 60,000 VPD
- Large pole sign serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,220
$252.2K
Cap Rate 7%
$180,157
$180.2K
Cap Rate 9%
$140,122
$140.1K
Market Conditions
NOI Build-Up for 1,706 SF
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.
Gross rent
$20.5K $12.00/SF
− Vacancy
−$2.5K −$1.44/SF
EGI
$18.0K $10.56/SF
− OpEx
−$5.4K −$3.17/SF
NOI
$12.6K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,220
Cap Rate 7%
$180,157
Cap Rate 9%
$140,122
Alternative Uses
Best Use
Retail
$180.2K
$157.6K – $210.2K
NOI $12,611 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$319.4K
$279.5K – $372.6K
NOI $22,357 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
292k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 33%
Shops & Services 30%
Costco Wholesale
Superstores
109,477 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
47,172 visits/mo
0.2 miles
McDonald's
Dining
27,507 visits/mo
0.3 miles
National Coney Island
Dining
16,733 visits/mo
0.2 miles
Burger King
Dining
14,789 visits/mo
0.4 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Kroger Floral — 26130 Gratiot Ave, Roseville, MI 48066
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with on-site parking, forced-air heating, and public water service.
Where is this storefront property located?
The property is located at 27380 Gratiot Avenue Roseville, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,706‑square‑foot retail storefront on a 0.12‑acre site; Frontage on Gratiot Avenue with traffic counts exceeding 60,000 VPD; Large pole sign serving the property
