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    Freestanding Corner Retail Building Title is generated by Realmo AI

    10 Gratiot Boulevard, Marysville, MI 48040

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    For Sale
    $160,000

    COMMERCIAL - Marysville, MI

    Property size:
    1,750 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $91/SF
    Added:
    Jul 25, 2025
    Days on Market:
    315
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 10 Gratiot Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    03-028-1011-000
    Size
    1,750 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4087

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Roof type
    Rubber

    We can help!

    Listing Contact
    John Zangara

    Listing agent John Zangara License #6501283223

    Listing office RE/MAX First 37040 Garfield Rd Ste T-2, MI

    Listing date Jul 25, 2025

    MLS# 50183083

    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.

    HighLights

    • 1,750 SF free‑standing brick commercial building on a 0.49‑acre corner lot at Gratiot Blvd and Ravenswood in Marysville
    • Highly visible corner location previously used as a beer and wine party store with retail and storage support spaces
    • Includes a 9‑door walk‑in cooler, additional 3‑door coolers, shelving, and 2 freezers
    • On‑site amenities: private office, restroom, storage room, and security camera system with remote viewing
    • Zoned C‑3 with flexible potential uses including liquor/party store or used car dealership, plus other retail or service businesses
    • Utilities and major systems include forced‑air heating, central air cooling, rubber roof, and parking lot

    Overview

    This freestanding brick retail building offers a practical, ready-to-operate layout for convenience, specialty retail, and service concepts. The property is approximately 1,750 square feet and includes a private office, restroom, storage room, shelving, and a security camera system with remote viewing. Refrigeration and food-service equipment are already in place, including a 9-door walk-in cooler, additional 3-door coolers, and two freezers.

    Set on a corner lot at the intersection of Gratiot Boulevard and Ravenswood, the site benefits from a standalone presence and strong visibility from surrounding traffic patterns. The property is located in Marysville, Michigan in St. Clair County, and is described as having views of the St. Clair River and Canada.

    Zoned C-3, the building supports a range of retail and service uses. The provided listing notes flexibility for concepts such as a liquor/party store, a used car dealership, or other retail or service businesses. The existing cooler and freezer infrastructure may be particularly useful for tenant operators planning to run grab-and-go or specialty beverage retail without starting from scratch.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.45519
    Latitude
    42.93677

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    FAQs

    What type of property is this?
    Grocery and convenience store - Brick corner property with walk-in cooler and multiple storage areas, well-suited for specialty retail and service uses.
    Where is this grocery and convenience store located?
    The property is located at 10 Gratiot Boulevard Marysville, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 1,750 SF free‑standing brick commercial building on a 0.49‑acre corner lot at Gratiot Blvd and Ravenswood in Marysville; Highly visible corner location previously used as a beer and wine party store with retail and storage support spaces; Includes a 9‑door walk‑in cooler, additional 3‑door coolers, shelving, and 2 freezers
    (586) 792-8000
    We can help!
    Listing Contact
    John Zangara
    Real Estate License ID: 6501283223
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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