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    24730 Gratiot Ave Eastpointe, MI 48021

    Sponsored
    For Sale
    $1,000,000

    Turnkey operation, high traffic, strong returns.

    Property size:
    4,582 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    Exceptional investment opportunity awaits at 24730 Gratiot Avenue, Eastpointe, MI. This 4,582 square foot industrial property, situated on a 0.17-acre lot, presents a profitable, turnkey business with immediate cash flow and significant growth potential. The property boasts a prime location in a high-traffic area, ensuring consistent revenue and a high EBITDA, making it a low-risk investment. Modern amenities and excellent maintenance minimize overhead costs. This thriving business offers a compelling combination of strong financial performance and valuable real estate. The seller is offering attractive owner financing options through a land contract, providing flexible terms to facilitate a smooth acquisition. Detailed financial information is available upon request, contingent on providing proof of down payment or financing, and signing a non-disclosure agreement. Direct inquiries to staff are discouraged. This is a rare opportunity to acquire a successful, established business with its associated real estate in a bustling commercial area. Don't miss out.

    Property Features for 24730 Gratiot Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    4,582 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    $3.75 Dry Clean ... Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.94887
    Latitude
    42.47755

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    FAQs

    What type of property is this?
    Industrial property - Turnkey operation, high traffic, strong returns.
    Where is this industrial property located?
    The property is located at 24730 Gratiot Ave Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (248) 963-0505
    Request Owner's contact information
    24730 Gratiot Ave Eastpointe, MI 48021
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    Eastpointe, MI 48021
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    24730 Gratiot Ave Eastpointe, MI 48021
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