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Corner Retail Redevelopment Site
For Sale
$150,000

24953 Gratiot Avenue, Eastpointe, MI 48021

Corner storefront property on Gratiot Avenue with included adjacent land parcel and on-site billboard, sold as-is for redevelopment.

Days on Market376

Property Features for 24953 Gratiot Avenue

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1932
Listing Agency: Benjamin Management Group, Inc
Listed By: Ethan Strauss
Source: Homesforsaleinmich
Added: Jul 21, 2025 Changed: Jul 24 Last Checked: Jul 30 at 1:19PM

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 Benjamin Management Group, Inc

Investment Insights

Based on property information with market context.

This high-visibility corner retail property is being offered for sale with the option to renovate or pursue a tear-down redevelopment. The sale includes the existing building and an adjacent land parcel, and it also includes an on-site billboard. The property is sold as-is, with renovation needs to be expected.

The site is located at the corner of Gratiot Avenue and 10 Mile, providing exposure along a well-traveled corridor. In total, the offering includes nearly a quarter acre of land when the adjacent parcel is considered.

For buyers evaluating redevelopment concepts, the combination of corner positioning, included land, and billboard improvements provides a flexible starting point for a future site plan. BATVAI.

Key Highlights

  • Corner storefront commercial property on Gratiot Avenue at 10 Mile, with high‑traffic exposure
  • Built in 1932; property is sold as‑is and is in need of renovation or tear‑down
  • Sale includes an adjacent land parcel of 0.19 acres

Property Analytics

Current Use

The Plum Pit (Bike/Boat/Book/etc) Store Blacklist Provisions Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Law Firm Gym & Fitness Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

633
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Shops & Services 39% Superstores 22%
Dollar Tree Shops & Services
18,315 visits/mo 0.5 miles
Big Lots Superstores
14,843 visits/mo 0.4 miles
Little Caesars Pizza Dining
13,780 visits/mo 0.4 miles
Olive Garden Dining
12,676 visits/mo 0.4 miles
Family Dollar Shops & Services
5,289 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Kroger Floral — 26130 Gratiot Ave, Roseville, MI 48066

Frequently Asked Questions

What type of property is this?
Storefront property - Corner storefront property on Gratiot Avenue with included adjacent land parcel and on-site billboard, sold as-is for redevelopment.
Where is this storefront property located?
The property is located at 24953 Gratiot Avenue Eastpointe, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Corner storefront commercial property on Gratiot Avenue at 10 Mile, with high‑traffic exposure; Built in 1932; property is sold as‑is and is in need of renovation or tear‑down; Sale includes an adjacent land parcel of 0.19 acres
More about this property
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