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    24450 Gratiot Ave Eastpointe, MI 48021

    For Sale
    $200,000

    Mixed-use building featuring residential and commercial spaces for diverse income.

    Lot size:
    0.18 Acres

    Property Features for 24450 Gratiot Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1946

    Source: Brookstone, Realtors LLC Agent Corey Fuller

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

    Overview

    Mixed-Use Building with Income Potential

    This 2,260 sq ft mixed-use building offers both residential and commercial income potential. The upstairs area, zoned residential, features a 1,160 sq ft two-bedroom, one-bath apartment with a laundry area and 150-amp service. The downstairs area, zoned commercial, includes approximately 1,100 sq ft of space with a handicapped accessible half bath and 200-amp service. The property provides off-street parking for at least six vehicles and includes a new retaining wall. Recent updates include a new roof, heated gutters, furnace, electrical panel, and flooring. Situated in a high-traffic location directly across from Cloverleaf Pizzeria, this property provides excellent visibility and strong potential for rental income or an owner-occupant business. The property allows the option to live upstairs and work downstairs, or lease both units for diverse income opportunities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Totally U Boutique Clothing Store Kreyatif Arts & Krafts Interior Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -82.950983
    Latitude
    42.474172

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building featuring residential and commercial spaces for diverse income.
    Where is this mixed-use property located?
    The property is located at 24450 Gratiot Ave Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Mixed-use property offers diverse income potential.; - Prime, high-traffic location provides excellent visibility and business potential.; - Spacious 1,160 sq ft two-bedroom apartment upstairs.
    (248) 963-0505
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    24450 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
    24450 Gratiot Ave Eastpointe, MI 48021
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