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

    28640 Gratiot Ave Roseville, MI 48066

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $274,900

    Two commercial buildings in high-traffic area, excellent exposure.

    Property size:
    3,190 SF
    Lot size:
    0.12 Acres

    Property Features for 28640 Gratiot Ave

    General Information

    Standard status
    Active
    Zoning
    B1
    Size
    3,190 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Jeff Glover
    Source: Crexi

    Listing Agency: Keller Williams Professionals Listing Agent: Jeff Glover

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

    Learn more

    Overview

    Gratiot Avenue Multi-Property Opportunity

    This multi-property sale on Gratiot Avenue includes two commercial buildings situated in a high-traffic area, with approximately 31,174 vehicles passing by daily. The location provides maximum exposure and is just minutes away from highways, shopping centers, and established neighborhoods. One building, located at 28640 Gratiot Ave, is a two-story structure with 3,190 square feet. The second building, located at 28628 Gratiot Ave (Parcel ID 1417232004), is a single-story building with 621 square feet and is included in the sale. Currently zoned B1, the city is open to changing the zoning, subject to final approval. This property is suitable for various commercial uses.
    Location Intelligence

    Current Use by Public Records

    Best Hand Publishing House

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.929508
    Latitude
    42.506935

    Nearby Similar for Sale

    • $950,000
      2,469 SF

      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair facility with real estate and business.
      28945 Utica Rd, Roseville, MI 48066
      View Details
    • $900,000
      12,340 SF

      Roseville Commercial/Industrial Opportunity

      Commercial/Industrial property with drive-thru and roll-up doors in Roseville.
      25333 Gratiot Ave, Roseville, MI 48066
      View Details
    • $109,900
      1,405 SF

      Roseville Office Space For Sale

      Office space in Roseville, suitable for medical or professional offices.
      25779 Kelly Rd, Roseville, MI 48066
      View Details
    • $274,900
      3,190 SF

      Gratiot Avenue Commercial Buildings For Sale

      Two commercial buildings on high-traffic Gratiot Ave, Roseville.
      28640 Gratiot Ave, Roseville, MI 48066
      View Details
    • $799,900
      3,400 SF

      Roseville Duplex Package Deal

      Two fully occupied, turnkey duplexes in Roseville, Michigan.
      16550 Petrie St, Roseville, MI 48066
      View Details
    • $210,000
      1,706 SF

      Gratiot Avenue Commercial Property

      Commercial property on Gratiot near I-696 with high traffic volume.
      27380 Gratiot Ave, Roseville, MI 48066
      View Details
    • $450,000
      3,700 SF

      Remodeled Day Care Facility

      Remodeled day care facility with parking and garage in Roseville.
      28905 Utica Rd S, Roseville, MI 48066
      View Details
    • $139,000
      1,525 SF

      Roseville Office/Medical Space For Sale

      Well-maintained 1,525 SF office/medical space near I-94 and I-696.
      25650 Kelly Rd, Roseville, MI 48066
      View Details
    • $649,000
      9,900 SF

      Roseville Commercial/Industrial Portfolio For Sale

      Two-building portfolio near I-696 and I-94, suitable for investors or users.
      27882 Gratiot Ave, Roseville, MI 48066
      View Details
    • New
      $234,900
      2,661 SF

      Spacious Duplex in Roseville

      2,616 SF duplex with strong cash flow in Roseville.
      18541 Utica Rd, Roseville, MI 48066
      View Details
    • $300,000
      1,716 SF

      Well-Maintained Duplex in Roseville, MI

      Income-producing duplex with upside potential in a convenient location.
      27099 Demrick St, Roseville, MI 48066
      View Details
    • $950,000

      Turnkey Auto Repair Facility

      Fully equipped auto repair business and real estate for sale.
      28945 Utica Rd, Roseville, MI 48066
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two commercial buildings in high-traffic area, excellent exposure.
    Where is this mixed-use property located?
    The property is located at 28640 Gratiot Ave Roseville, MI.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - Multi-property sale: Includes two commercial buildings.; - High-traffic location: Approximately 31,174 vehicles pass daily, ensuring maximum business exposure.; - Ideal location: Minutes from highways, shopping centers, and established neighborhoods.
    (734) 459-4700
    Request Owner's contact information
    28640 Gratiot Ave Roseville, MI 48066
    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.
    28640 Gratiot Ave
    Roseville, MI 48066
    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
    28640 Gratiot Ave Roseville, MI 48066
    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
    Jeff Glover
    Real Estate License ID: 6501317808
    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!