Two-Story Residential Conversion
For Sale
$189,900
247 North Gratiot, Mount Clemens, MI 48043
Two-story building with basement and existing second-floor kitchens and baths, offering a practical path to multifamily conversion.
Property Size2,614 SF
Lot Size0.17 Acres
Price / SF$72.65
Days on Market97
Property Features for 247 North Gratiot
General Information
Standard status
Active
Size
2,614 SF
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
MU
Building Details
Building Size
2,614 SF
Stories
2
Listing Agency:
Anton, Sowerby & Associates, Inc.
Listed By:
Garth Frounfelker · License #6502433487
(586) 469-8888
Source:
Cpix.resimplifi
Added: Jun 1
Changed: Aug 8
Last Checked: Sep 5 at 3:49AM
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 Anton, Sowerby & Associates, Inc.
Investment Insights
Based on property information with market context.
The property is a 2,614-square-foot, two-story building with a basement and a 3-car garage set on a 0.173-acre site. It previously operated as a doctor’s office, and the existing layout includes second-floor kitchens and bathrooms, along with both front and rear stairways to support tenant access. Utilities are separately metered, which can simplify repositioning and ongoing unit operations.
The site has frontage on NB and SB Gratiot and Gallup St., providing multiple points of access and visibility for future tenants. Zoning is listed as MU Multi-Use, supporting flexible redevelopment options for the right buyer or development team.
This asset is best suited for investors or developers looking for a value-add project with residential conversion potential. With the key residential elements already on the second floor, the conversion effort can be focused on updating the space to fit a multi-family operating plan while leveraging the existing access points and separate utilities.
The site has frontage on NB and SB Gratiot and Gallup St., providing multiple points of access and visibility for future tenants. Zoning is listed as MU Multi-Use, supporting flexible redevelopment options for the right buyer or development team.
This asset is best suited for investors or developers looking for a value-add project with residential conversion potential. With the key residential elements already on the second floor, the conversion effort can be focused on updating the space to fit a multi-family operating plan while leveraging the existing access points and separate utilities.
Key Highlights
- 2,614 SF two‑story building with a basement and a 3‑car garage on a 0.173‑acre site
- Frontage on NB & SB Gratiot and Gallup St, with both front and rear stairways for tenant access
- Previously used as a doctor’s office; layout includes existing second‑floor kitchens and bathrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story building with basement and existing second-floor kitchens and baths, offering a practical path to multifamily conversion.
Where is this multifamily property located?
The property is located at 247 North Gratiot Mount Clemens, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,614 SF two‑story building with a basement and a 3‑car garage on a 0.173‑acre site; Frontage on NB & SB Gratiot and Gallup St, with both front and rear stairways for tenant access; Previously used as a doctor’s office; layout includes existing second‑floor kitchens and bathrooms
