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    24730 Gratiot Ave Eastpointe, MI 48021

    For Sale
    $700,000

    Long-standing retail property suitable for dry cleaning or other businesses.

    Property size:
    4,582 SF
    Lot size:
    0.17 Acres

    Property Features for 24730 Gratiot Ave

    General Information

    Size
    4,582 SF
    Lot size
    0.17 Acres

    Source: Signature Associates Agent Richard Pifer

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

    Overview

    Established Retail Opportunity in Eastpointe

    This is a fully built-out retail facility that has operated as a dry cleaning business for over 30 years. The property offers an opportunity for continuation in the same business. The site benefits from excellent visibility, high traffic counts, and an established neighborhood presence. The property is located in Eastpointe, MI, on Gratiot Ave. The building has a size of 4,582 square feet. This location is suitable for dry cleaning, retail, or other service-oriented businesses.
    Insight Report 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
    -82.94871
    Latitude
    42.47762

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    FAQs

    What type of property is this?
    Retail space - Long-standing retail property suitable for dry cleaning or other businesses.
    Where is this retail space located?
    The property is located at 24730 Gratiot Ave Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Established dry cleaning business with 30+ years of successful operation.; - Excellent visibility and high traffic counts.; - Proven location with established neighborhood presence.
    (248) 302-8593
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    24730 Gratiot Ave 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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