Dollar General Anchored Shopping
For Sale
$2,900,000
25205 Gratiot Ave, Roseville, MI 48066
24,887 SF shopping center anchored by Dollar General.
Property Size24,887 SF
Price / SF$116.53
Days on Market199
Property Features for 25205 Gratiot Ave
General Information
Standard status
Active
Size
24,887 SF
Class
C
Property subtype
Retail
Building Details
Building Size
24,887 SF
Year Built
1960
Listing Agency:
Thomas A. Duke Company
Listed By:
Andrew Battersby · License #6501384188
(248) 631-8085
Source:
Thomasduke
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 9 at 6:43PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This commercial real estate offering is a 24,887 square foot shopping center anchored by Dollar General. The property is located in Roseville, Michigan.
Key Highlights
- Dollar General Anchored Shopping Center
- 24,887 SF Shopping Center for sale
- Located in Roseville, MI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,965
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,679,300
$3.7M
Cap Rate 7%
$2,628,071
$2.6M
Cap Rate 9%
$2,044,056
$2.0M
Market Conditions
NOI Build-Up for 24,887 SF
Gross rent
$298.6K $12.00/SF
− Vacancy
−$35.8K −$1.44/SF
EGI
$262.8K $10.56/SF
− OpEx
−$78.8K −$3.17/SF
NOI
$184.0K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,679,300
Cap Rate 7%
$2,628,071
Cap Rate 9%
$2,044,056
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $183,965 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,147 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Groceries 17%
Aldi
Groceries
23,144 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,315 visits/mo
0.2 miles
Little Caesars Pizza
Dining
13,780 visits/mo
0.5 miles
Olive Garden
Dining
12,676 visits/mo
0.2 miles
Tim Hortons
Dining
12,025 visits/mo
0.2 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - 24,887 SF shopping center anchored by Dollar General.
Where is this shopping center located?
The property is located at 25205 Gratiot Ave Roseville, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Dollar General Anchored Shopping Center; 24,887 SF Shopping Center for sale; Located in Roseville, MI
