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    29765 Groesbeck Hwy Roseville, MI 48066

    For Sale
    $1,900,000

    Freestanding building with license, parking, and highway frontage.

    Lot size:
    0.73 Acres

    Property Features for 29765 Groesbeck Hwy

    General Information

    Lot size
    0.73 Acres

    Building Details

    Year built
    1996

    Source: C3 CRE, LLC Agent Corbin Yaldoo

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

    Overview

    Approved Adult-Use Provisioning Center

    This is a municipal-approved adult-use provisioning center available for sale, including both the real estate and the license. The freestanding building features over 50 parking spaces and monument signage, providing excellent brand visibility and access due to its main road frontage. This presents a significant opportunity for a flagship location in a capped retail market with only six licensed approvals issued. The property is situated on heavily traveled Groesbeck Highway, which sees a daily traffic count of over 38,000 vehicles. It benefits from great synergy in the immediate marketplace, surrounded by a dense residential population and several national and regional tenants. Additionally, the property is in close proximity to Macomb Community College and the I-696 Freeway.
    Insight Report Location Intelligence

    Current Use by Public Records

    Iroquois Trucking Trucking Company Roseville Crushed Aggregate Supplier

    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.

    Similar Places Nearby

    Palco's Florist

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.95462
    Latitude
    42.514012

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    FAQs

    What type of property is this?
    Storefront property - Freestanding building with license, parking, and highway frontage.
    Where is this storefront property located?
    The property is located at 29765 Groesbeck Hwy Roseville, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Municipal approved adult-use provisioning center - license and real estate included.; - Capped retail market with only six (6) licensed approvals issued.; - Freestanding building with 50+ parking spaces and monument signage.
    (248) 220-1110
    Request Owner's contact information
    29765 Groesbeck Hwy Roseville, MI 48066
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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
    29765 Groesbeck Hwy Roseville, MI 48066
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