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    389 N Gratiot Ave Mount Clemens, MI 48043

    For Sale
    $50,000

    Income-generating RV/Boat storage with potential for increased revenue.

    Lot size:
    0.06 Acres

    Property Features for 389 N Gratiot Ave

    General Information

    Lot size
    0.06 Acres

    Source: Real Estate One-St Clair Shrs Agent Joshua Richter

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

    Overview

    Income Producing RV/Boat Storage Opportunity

    This property presents an income-producing opportunity with a current setup of 13 renters, generating $375 per month gross. The rent collection process is automated, allowing for remote management. There is potential to increase revenue up to $700 per month with the addition of storage options. The property's maximum capacity is 18 spots. Currently, the property is used for RV and boat storage, with a cap rate around 9.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8814
    Latitude
    42.5974

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    FAQs

    What type of property is this?
    Mobile home & RV park - Income-generating RV/Boat storage with potential for increased revenue.
    Where is this mobile home & rv park located?
    The property is located at 389 N Gratiot Ave Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - High income producing opportunity with current gross income of $375/month per renter.; - Automated rent collection system allows for remote management.; - Significant upside potential to $700/month with the addition of storage.
    (586) 771-1100
    Request Owner's contact information
    389 N Gratiot Ave Mount Clemens, MI 48043
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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
    389 N Gratiot Ave Mount Clemens, MI 48043
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