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

    17423 MARTIN Rd Roseville, MI 48066

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $240,000

    Commercial building with established business, ideal for owner-operator.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 6:00 pm

    Property Features for 17423 MARTIN Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Patrick Jarjis

    Listing agent Patrick Jarjis

    Listing office DOBI Real Estate

    Listing date Apr 24, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of DOBI Real Estate

    Overview

    Profitable Commercial Building For Sale

    A commercial building with an established business is available for purchase. The business has been under the same family ownership for 18 years, with the sellers now retiring. The current operating hours are limited, presenting an opportunity to extend them by an additional 10 to 15 hours. The business benefits from a strong reputation and a substantial customer base. Additional income is generated through a lottery machine and an ATM. The sale includes both the business and the building. The location has a walk score of 62, indicating it is somewhat walkable, and a bike score of 49, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Tree Sweet Market (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • chinardos — 28005 gratiot ave, roseville, mi 48066

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.940513
    Latitude
    42.502302

    Nearby Similar for Sale

    • $799,900
      3,400 SF

      Roseville Ranch Duplex Package

      Two ranch duplexes totaling four units in Roseville, Michigan.
      16550 Petrie Street, Roseville, MI 48066
      View Details
    • $950,000
      2,469 SF

      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair facility with real estate and business.
      28945 UTICA Road, Roseville, MI 48066
      View Details
    • $109,900
      1,405 SF

      Roseville Office Space For Sale

      Office space in Roseville, suitable for medical or professional use.
      25779 Kelly, 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 Road S, Roseville, MI 48066
      View Details
    • $234,900
      2,661 SF

      Roseville Duplex: Investment Opportunity

      Spacious duplex in Roseville, MI, offering strong cash flow.
      18541 Utica, Roseville, MI 48066
      View Details
    • $2,000,000
      11,440 SF

      Roseville Industrial Property on Groesbeck

      Industrial property on Groesbeck Highway, ideal for owner or developer.
      29100 Groesbeck Highway, Roseville, MI 48066
      View Details
    • $300,000
      1,716 SF

      Well-Maintained Duplex in Roseville

      Roseville duplex with income potential and convenient parking.
      27099 Demrick Street, Roseville, MI 48066
      View Details
    • $179,000
      2,288 SF

      Corner Parcel Mixed-Use Property

      Two buildings with income potential in Roseville, Michigan.
      26601 Gratiot Avenue, 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, 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 Avenue, Roseville, MI 48066
      View Details
    • $900,000
      12,340 SF

      Gratiot Avenue Commercial Property

      Commercial property with drive-thru, roll-up doors, and expressway access.
      25333 Gratiot Avenue, Roseville City, MI 48066
      View Details
    • $109,900

      Roseville Office Space For Sale

      Office space in Roseville, minutes from I-94 and I-696.
      25779 Kelly Rd, Roseville, MI 48066
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial building with established business, ideal for owner-operator.
    Where is this grocery and convenience store located?
    The property is located at 17423 MARTIN Rd Roseville, MI.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Profitable business with established reputation and large customer base included in sale.; Commercial building included in sale.; Opportunity to increase operating hours and revenue.
    (248) 525-2525
    We can help!
    Listing Contact
    Patrick Jarjis
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!