Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Building with Income Potential Title is generated by Realmo AI

    26345 Gratiot Ave, Roseville, MI 48066

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Mixed-use building featuring retail and residential units for sale.

    Type:Mixed Use, Multifamily, Retail
    Property size:
    6,624 SF
    Price / SF:
    $64/SF
    Added:
    Nov 11, 2024
    Days on Market:
    569
    Last Refresh:
    May 12 at 10:12 pm

    Property Features for 26345 Gratiot Ave

    General Information

    Standard status
    Active
    Size
    6,624 SF
    Property subtype
    Mixed Use, Multifamily, Retail

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Simon Saleh

    Listing agent Simon Saleh License #MI427828

    Listing office Simon & Associates Real Estate

    Listing date Nov 11, 2024

    Source Crexi

    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 Simon & Associates Real Estate

    HighLights

    • Mixed‑use building with both commercial and residential units.
    • Two vacant commercial retail units offer immediate income potential.
    • Four residential apartments, each with 2 bedrooms, 1 bathroom, and laundry hookups.
    • Three of the four apartments are currently rented, providing steady cash flow.
    • Fourth apartment is vacant and ready to be leased.
    • Built in 1965.

    Overview

    This mixed-use building presents an income opportunity, featuring two vacant commercial retail units and four residential apartments. Each apartment includes 2 bedrooms, 1 bathroom, and laundry hookups. Three of the apartments are currently rented, providing cash flow. The fourth apartment is vacant and ready to be leased. The vacant commercial units offer opportunities for businesses, potentially enhancing the building's overall rental income. The property size is 6624 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liberty Drop In Center ... Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.942169
    Latitude
    42.489694

    Nearby Similar for Sale

    • $950,000
      2,469 SF

      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair facility with real estate and business.
      28945 UTICA Road, Roseville, MI 48066
      View Details
    • $450,000
      3,700 SF

      Remodeled Day Care Facility

      Remodeled day care facility with parking and garage in Roseville.
      28905 Utica Road S, Roseville, MI 48066
      View Details
    • $2,000,000
      11,440 SF

      Roseville Industrial Property on Groesbeck

      Industrial property on Groesbeck Highway, ideal for owner or developer.
      29100 Groesbeck Highway, Roseville, MI 48066
      View Details
    • $179,000
      2,288 SF

      Corner Parcel Mixed-Use Property

      Two buildings with income potential in Roseville, Michigan.
      26601 Gratiot Avenue, Roseville, MI 48066
      View Details
    • $139,000
      1,525 SF

      Roseville Office/Medical Space For Sale

      Well-maintained 1,525 SF office/medical space near I-94 and I-696.
      25650 Kelly, Roseville, MI 48066
      View Details
    • $290,000
      1,716 SF

      Well-Maintained Duplex in Roseville

      Roseville duplex: two units, fenced yard, income potential.
      27099 Demrick Street, Roseville, MI 48066
      View Details
    • $274,900
      3,190 SF

      Gratiot Avenue Commercial Buildings For Sale

      Two commercial buildings on high-traffic Gratiot Ave, Roseville.
      28640 GRATIOT Avenue, Roseville, MI 48066
      View Details
    • $229,900
      2,661 SF

      Roseville Duplex: Investment Opportunity

      Spacious duplex in Roseville, MI, offering strong cash flow.
      18541 Utica, Roseville, MI 48066
      View Details
    • $109,900

      Roseville Office Space For Sale

      Office space in Roseville, minutes from I-94 and I-696.
      25779 Kelly Rd, Roseville, MI 48066
      View Details
    • $240,000

      Profitable Commercial Building For Sale

      Commercial building with established business, ideal for owner-operator.
      17423 MARTIN Rd, Roseville, MI 48066
      View Details
    • $460,000

      Church Building with Paved Parking

      Church with seating, classrooms, kitchen, dining, and parking.
      19310 E 14 Mile Rd, Roseville, MI 48066
      View Details
    • $649,000
      9,900 SF

      Roseville Commercial/Industrial Portfolio For Sale

      Two-building portfolio near I-696 and I-94, suitable for investors or users.
      27882 Gratiot, Roseville, MI 48066
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building featuring retail and residential units for sale.
    Where is this mixed-use property located?
    The property is located at 26345 Gratiot Ave Roseville, MI.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: Mixed‑use building with both commercial and residential units.; Two vacant commercial retail units offer immediate income potential.; Four residential apartments, each with 2 bedrooms, 1 bathroom, and laundry hookups.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Simon Saleh
    Real Estate License ID: MI427828
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    26345 Gratiot Ave, Roseville, MI 48066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!