Freestanding Retail Building with Street
24935 Gratiot Ave Eastpointe, MI 48021
For Sale
$425,000
Freestanding retail building on a main commercial corridor with direct street frontage and a double-net lease structure.
Property Size7,138 SF
Lot Size0.30 Acres
Price / SF$59.54
Days on Market85
Property Features for 24935 Gratiot Ave
General Information
Standard status
Active
Size
7,138 SF
Lot size
0.30 Acres
Property subtype
Retail
Building Details
Year Built
1928
Listing Agency:
APEX Commercial Real Estate Advisors
(248) 579-5042
Listed By:
Ayson Shammami · License #6501443637
(248) 579-5042
Source:
Cpix.resimplifi
Added: May 7
Changed: Jul 10
Last Checked: Jun 13 at 3:46AM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a freestanding retail building totaling 7,138 SF situated on a 0.3-acre parcel. It features direct street frontage on Gratiot Avenue, providing straightforward customer access and visibility from the main commercial corridor. The lease structure is described as double net, with the tenant responsible for HVAC, CAM, parking lot, taxes, and insurance.
The building is positioned in a high-traffic area along Gratiot Avenue, with the marketing materials citing 44,380+ vehicles per day and 351,000+ residents within 5 miles. The surrounding area is described as a mix of established businesses, local eateries, and a strong residential presence, with nearby attractions referenced including Eastwood Park, Memorial Park, and Eastbrook Lanes. The remarks also note proximity to a number of national and regional retailers and operators, including Kroger, Aldi, Tim Hortons, Dollar General, Midas, U-Haul, Taco Bell, Checkers, and KFC.
For investors and owner-operators, the property offers a dedicated retail building configuration with in-place rent escalations noted as annual 3% increases. The double-net structure assigns multiple operating-cost responsibilities to the tenant, which may appeal to buyers looking for a hands-on, lease-backed income approach consistent with the stated lease terms.
The building is positioned in a high-traffic area along Gratiot Avenue, with the marketing materials citing 44,380+ vehicles per day and 351,000+ residents within 5 miles. The surrounding area is described as a mix of established businesses, local eateries, and a strong residential presence, with nearby attractions referenced including Eastwood Park, Memorial Park, and Eastbrook Lanes. The remarks also note proximity to a number of national and regional retailers and operators, including Kroger, Aldi, Tim Hortons, Dollar General, Midas, U-Haul, Taco Bell, Checkers, and KFC.
For investors and owner-operators, the property offers a dedicated retail building configuration with in-place rent escalations noted as annual 3% increases. The double-net structure assigns multiple operating-cost responsibilities to the tenant, which may appeal to buyers looking for a hands-on, lease-backed income approach consistent with the stated lease terms.
Key Highlights
- Freestanding retail building built in 1928 on Gratiot Ave with direct street frontage
- 7,138 SF retail building on a 0.3‑acre parcel
- Double‑net (NN) lease structure: tenant responsible for HVAC, CAM, parking lot, taxes, and insurance
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Bellisario Florist — 23420 Gratiot Ave, Eastpointe, MI 48021
- Kroger Floral — 26130 Gratiot Ave, Roseville, MI 48066
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building on a main commercial corridor with direct street frontage and a double-net lease structure.
Where is this storefront property located?
The property is located at 24935 Gratiot Ave Eastpointe, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Freestanding retail building built in 1928 on Gratiot Ave with direct street frontage; 7,138 SF retail building on a 0.3‑acre parcel; Double‑net (NN) lease structure: tenant responsible for HVAC, CAM, parking lot, taxes, and insurance
