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    Fraser Commercial Property For Sale Title is generated by Realmo AI

    33060 GROESBECK Highway, Fraser, MI 48026

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    Claim this Listing
    For Sale
    Under Contract
    $174,900

    Real Estate Only - Fraser, MI

    Property size:
    1,127 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $155/SF
    Added:
    Aug 22, 2022
    Days on Market:
    1364
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 33060 GROESBECK Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active Under Contract
    APN
    1132476036
    Size
    1,127 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2837.48

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Block
    Architectural style
    Other

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    Listing Contact
    Jeff Glover

    Listing agent Jeff Glover

    Listing office KW Professionals 789 W Ann Arbor Trail, Plymouth, MI

    Listing date Aug 22, 2022

    MLS# 20221033916 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Investment opportunity in Fraser.
    • Priced to sell.
    • Former Dairy Queen building.
    • Durable block construction.
    • Built in 1970.

    Overview

    This commercial property, located in Fraser, Michigan, presents an investment opportunity. The property, formerly a Dairy Queen, is zoned for commercial use and is suitable for drive-through restaurants, general restaurants, retail properties, storefronts, and individual retail purposes. The building has a size of 1,127 square feet and is situated on a lot of approximately 0.13 acres.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $164.1K
    NOI $14,769 @ 9.00% cap · cautious / downside scenario
    Moderate
    $211.0K
    NOI $14,769 @ 7.00% cap · market / base-case scenario
    Aggressive
    $295.4K
    NOI $14,769 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $22.3k $19.80
    − Vacancy −$2.6k −$2.33
    EGI $19.7k $17.47
    − OpEx −$4.9k −$4.37
    NOI $14.8k $13.11
    1,127 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $211.0K
    $184.6K – $246.2K (±1% cap)
    NOI $14,769 @ 7.0% cap · market cap 8.44%
    Second Best
    Retail
    $119.0K
    $104.1K – $138.9K (±1% cap)
    NOI $8,331 @ 7.0% cap · market cap 4.76%
    Theoretical Best
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.933599
    Latitude
    42.540055

    FAQs

    What type of property is this?
    Drive through restaurant - Commercial property in Fraser, Michigan, suitable for retail or restaurant.
    Where is this drive through restaurant located?
    The property is located at 33060 GROESBECK Highway Fraser, MI.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: Investment opportunity in Fraser.; Priced to sell.; Former Dairy Queen building.
    More about this property
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