Single-Tenant Retail Office
For Sale
$545,000
24850 Gratiot Ave, Eastpointe, MI 48021
Single-tenant building with 14-foot ceilings, second-floor flexibility, and parking plus a rear delivery area.
Property Size4,716 SF
Price / SF$115.56
Days on Market52
Property Features for 24850 Gratiot Ave
General Information
Standard status
Active
Size
4,716 SF
Total Parking Spaces
12
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
14 ft
Building Details
Year Built
1981
Tenancy
Single
Listing Agency:
C3 CRE, LLC
(248) 220-1110
Listed By:
Corbin Yaldoo · License #6502431997
(248) 220-1110
Source:
Cpix.resimplifi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 4:04AM
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 C3 CRE, LLC
Investment Insights
Based on property information with market context.
Single-tenant retail/office building offering a flexible configuration for a range of service-oriented businesses. The property includes a finished second-floor space that can support multiple operating needs, depending on how the user chooses to deploy the upper level. Ceiling heights reach 14 feet, creating a practical interior environment for retail, showroom, office, or service uses where a more open feel is beneficial. A brand-new roof has been installed, supporting durability and lower near-term maintenance concerns.
The building is positioned along one of Macomb County’s primary commercial corridors, with direct connectivity to the I-94 freeway. That combination supports strong visibility to passing traffic. The surrounding area includes a dense residential customer base as well as a mix of national and local businesses, creating a customer-and-service environment that can fit retail and office requirements.
For tenants or buyers, the property’s single-tenant setup can simplify operations and branding, while the finished second floor adds space that can be used to support additional functions under one roof. The on-site parking for 12 vehicles and a rear delivery area are practical for customer access and receiving needs, including routine deliveries tied to daily operations.
The building is positioned along one of Macomb County’s primary commercial corridors, with direct connectivity to the I-94 freeway. That combination supports strong visibility to passing traffic. The surrounding area includes a dense residential customer base as well as a mix of national and local businesses, creating a customer-and-service environment that can fit retail and office requirements.
For tenants or buyers, the property’s single-tenant setup can simplify operations and branding, while the finished second floor adds space that can be used to support additional functions under one roof. The on-site parking for 12 vehicles and a rear delivery area are practical for customer access and receiving needs, including routine deliveries tied to daily operations.
Key Highlights
- Single‑tenant retail/office building with finished second‑floor space for flexible use
- 14‑foot ceiling heights for adaptable retail, showroom, office, or service‑oriented layouts
- Brand‑new roof installed
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $12.00 |
| − Vacancy | −$6.8k | −$1.44 |
| EGI | $49.8k | $10.56 |
| − OpEx | −$14.9k | −$3.17 |
| NOI | $34.9k | $7.39 |
4,716 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$498.0K
$435.8K – $581.0K
NOI $34,861 @ 7.0% cap · market cap 6.40%
Second Best
Office B
$231.9K
$202.9K – $270.6K
NOI $16,235 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$882.9K
$772.6K – $1.03M
NOI $61,804 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Single-tenant building with 14-foot ceilings, second-floor flexibility, and parking plus a rear delivery area.
Where is this showroom located?
The property is located at 24850 Gratiot Ave Eastpointe, MI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Single‑tenant retail/office building with finished second‑floor space for flexible use; 14‑foot ceiling heights for adaptable retail, showroom, office, or service‑oriented layouts; Brand‑new roof installed
