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    24953 Gratiot Ave Eastpointe, MI 48021

    For Sale
    $220,000

    High-visibility commercial property on Gratiot Avenue, ideal for redevelopment.

    Lot size:
    0.06 Acres

    Property Features for 24953 Gratiot Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1932

    Source: Benjamin Management Group, Inc Agent Ethan Strauss

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

    Overview

    Commercial Property on Gratiot Avenue

    This commercial property, formerly The Plum Pit, is located on Gratiot Avenue at the corner of 10 Mile, offering high traffic exposure. The existing structure requires renovation or demolition, presenting a redevelopment opportunity for investors or developers. The sale includes an adjacent land parcel of 0.19 acres and an on-site billboard, totaling nearly a quarter acre of land. This property offers the potential to revitalize a corner in a high-traffic corridor. The property is sold as-is.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Plum Pit Gift Shop Blacklist Provisions Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.948978
    Latitude
    42.480095

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    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial property on Gratiot Avenue, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 24953 Gratiot Ave Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - High-visibility location at the corner of Gratiot and 10 Mile with strong traffic exposure; - Includes adjacent land parcel (0.19 acres), totaling nearly a quarter acre; - Redevelopment opportunity for investors or developers
    (248) 410-8987
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    24953 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
    24953 Gratiot Ave Eastpointe, MI 48021
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