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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

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.
More about this property
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