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    23001-23005 Gratiot Ave Eastpointe, MI 48021

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    For Sale
    $695,000

    Mixed-use property with retail and residential units, newer roof.

    Property size:
    8,553 SF
    Lot size:
    0.16 Acres

    Property Features for 23001-23005 Gratiot Ave

    General Information

    Size
    8,553 SF
    Lot size
    0.16 Acres

    Source: Signature Associates Agent Joe Stack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Retail/Residential Property

    This mixed-use property features both retail and residential units. The property has a newer roof. The annual rents collected are as follows: Unit A generates $27,600; Unit B generates $24,000; Unit R1 generates $11,400; Unit R2 generates $11,100; Unit R3 generates $10,560; and Unit R4 generates $15,600. The total annual rent for the property is $100,260. The property size is 8553 square feet.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -82.956751
    Latitude
    42.467478

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential units, newer roof.
    Where is this mixed-use property located?
    The property is located at 23001-23005 Gratiot Ave Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Total annual rent of $100,260 provides substantial income.; - Mixed-use property offers diversification between retail and residential income streams.; - Multiple rental units (Unit A, Unit B, R1, R2, R3, R4) reduce vacancy risk.
    (248) 359-0615
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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
    23001-23005 Gratiot Ave Eastpointe, MI 48021
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