Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 Gratiot Blvd Marysville, MI 48040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,110,000

    Single tenant restaurant property with drive-thru in Detroit MSA.

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Kevin Kajy
    Source: Legacycrea

    Listing Agent: Kevin Kajy

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

    Learn more

    Overview

    Restaurant Property with Drive-Thru

    This is a single-tenant, free-standing restaurant property featuring a drive-thru. The property is fully tenanted with two tenants: KFC and Long John Silvers. It is located within the Detroit MSA, which is ranked as the 14th largest MSA in the U.S. The surrounding area has strong demographics, with an average household income exceeding $82,000 within a 1-mile radius, and over 5,600 residents within the same radius. The NOI is based off rental increase starting 12/01/22. Seller will credit difference at closing. The lease is guaranteed by KBP Foods, which operates over 700 restaurants in 25 states.
    Location Intelligence

    Current Use by Public Records

    KFC Restaurant Long John Silver's ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4774668
    Latitude
    42.9190789

    Nearby Similar for Sale

    • $279,900
      1,536 SF

      Marysville Commercial Building on Gratiot

      Freestanding commercial building on Gratiot Blvd in Marysville, Michigan.
      1705 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $160,000
      1,750 SF

      Marysville Commercial Building on Corner Lot

      Freestanding 1,750 sq ft commercial building on 0.49-acre corner lot.
      10 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $599,900
      5,992 SF

      Marysville Industrial Building on Two Acres

      Industrial building with office space, shop area, and overhead doors.
      500 Cuttle Rd, Marysville, MI 48040
      View Details
    • $599,900
      5,992 SF

      Marysville Industrial Property for Sale

      Industrial property in Marysville, MI, featuring 5,992 square feet.
      500 Cuttle Rd, Marysville, MI 48040
      View Details
    • $334,900
      1,536 SF

      Prime Marysville Mixed-Use Building

      Profitable 1,536 SF Office, High Occupancy
      1705 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $600,000
      4,445 SF

      Marysville Medical Office - For Sale

      Prime Medical Office Space, 4,445 SF
      1750 Busha Hwy, Marysville, MI 48040
      View Details
    • Contact for pricing
      784 SF

      Marysville Condo with Carport

      Well-maintained 2-bedroom condo with carport near St. Clair River.
      1875 Michigan Ave, Marysville, MI 48040
      View Details
    • $409,900
      1.28 Acres

      Marysville Industrial Property - 1.28 Acres

      Prime Marysville industrial land, excellent location.
      00 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $600,000
      14,228 SF

      Marysville Industrial Space - Huge Potential

      Large industrial space, needs repairs, motivated seller.
      100 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $179,900
      100 SF

      Marysville Industrial Land - I-94 Access

      Prime Industrial Lot, 0.65 Acres, C-2 Zoning
      00 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $179,900
      0.65 Acres

      Marysville Commercial Land - I-94 Access

      Prime Commercial Lot, I-94 Visibility, C-2 Zoning
      Gratiot Blvd, Marysville, MI 48040
      View Details
    • $59,900
      100 SF

      Marysville Industrial Lot - Prime Location

      High-traffic, I-94 access, .46 acres.
      000 Gratiot Blvd, Marysville, MI 48040
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Single tenant restaurant property with drive-thru in Detroit MSA.
    Where is this drive through restaurant located?
    The property is located at 1501 Gratiot Blvd Marysville, MI.
    What is the asking price?
    The asking price for this property is $1,110,000.
    What are key features of this property?
    This property features: - Strong tenant guarantee: KBP Foods operates 700+ restaurants across 25 states.; - Fully tenanted: Features two established tenants, KFC and Long John Silvers.; - Includes a drive-thru, a valuable feature for restaurant properties.
    (248) 450-3257
    Request Owner's contact information
    1501 Gratiot Blvd Marysville, MI 48040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 Gratiot Blvd
    Marysville, MI 48040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1501 Gratiot Blvd Marysville, MI 48040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Kajy
    (248) 450-3257
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!