4611 24Th Ave Fort Gratiot, MI 48059
Retail building in Fort Gratiot, MI with repurposing opportunities.
Building Details
- Year built
- 1981
Source:
Legacycrea
Listing Agent: Tyler Tollefson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Single Tenant Best Buy Building
This single-tenant building, currently occupied by Best Buy, is located in Fort Gratiot, Michigan, adjacent to Hobby Lobby and Ulta, and surrounded by major retailers. The property features a net-net-net (NNN) lease structure, assigning minimal responsibilities to the landlord. Constructed on a 4.98-acre lot, the 37,478-square-foot building provides parking and opportunities for repurposing. A new roof was installed in 2016 and has 15 years of warranty remaining. The surrounding area is densely populated, with over 2,400 residents within a 1-mile radius and over 17,100 residents within a 3-mile radius. The location also benefits from a daytime employee population of over 3,500 within a 1-mile radius. The area is projected to experience a 2.2% population growth within a 1-mile radius over the next 5 years. The site benefits from high traffic counts, with over 28,400 vehicles passing daily on 24th Avenue. The surrounding area is affluent, with an average household income exceeding $77,900 within a 1-mile radius.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Fort Gratiot
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.4580663
- Latitude
- 43.0427143
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Retail building in Fort Gratiot, MI with repurposing opportunities.
Where is this storefront property located?
The property is located at 4611 24Th Ave Fort Gratiot, MI.
What is the asking price?
The asking price for this property is $4,060,680.
What are key features of this property?
This property features: - Single Tenant Best Buy: Provides a stable, reliable income stream.; - NN Lease Structure: Ensures minimal landlord responsibilities.; - Strategic Location: In the heart of Fort Gratiot, adjacent to Hobby Lobby & Ulta, and surrounded by major retailers.
