Freestanding Retail Building with
For Sale
Contact for pricing
28351 Groesbeck Hwy, Roseville, MI 48066
Commercial zoning and a drive-through configuration support compatible commercial uses, subject to required approvals.
Property Size3,820 SF
Price / SF$0.01
Days on Market11
Property Features for 28351 Groesbeck Hwy
General Information
Standard status
Active
Size
3,820 SF
Total Parking Spaces
29
Property subtype
Retail
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Building Size
3,820 SF
Year Built
2003
Stories
1
Tenancy
Single Tenant
Listing Agency:
Signature Associates - Southfield
Listed By:
Marvin Petrous · License #6501386692
(248) 359-0647
Source:
Cpix.resimplifi
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 30 at 10:47AM
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 Signature Associates - Southfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail property includes a drive-through and carries Commercial zoning. The existing configuration is identified for potential redevelopment or compatible commercial use, with any use subject to zoning and approvals.
The property is on Groesbeck Highway in Roseville, Michigan, with access to I-696 and surrounding Macomb County communities. It was built in 2003.
The property is on Groesbeck Highway in Roseville, Michigan, with access to I-696 and surrounding Macomb County communities. It was built in 2003.
Key Highlights
- Freestanding retail property with a drive‑through
- Commercial zoning; proposed uses remain subject to zoning and approvals
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,237
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,740
$564.7K
Cap Rate 7%
$403,386
$403.4K
Cap Rate 9%
$313,744
$313.7K
Market Conditions
NOI Build-Up for 3,820 SF
Gross rent
$45.8K $12.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$40.3K $10.56/SF
− OpEx
−$12.1K −$3.17/SF
NOI
$28.2K $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%
$564,740
Cap Rate 7%
$403,386
Cap Rate 9%
$313,744
Alternative Uses
Best Use
Retail
$403.4K
$353.0K – $470.6K
NOI $28,237 @ 7.0% cap · market cap 141,185.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 250,310.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 42%
Home Improvements & Furnishings 2%
McDonald's
Dining
27,921 visits/mo
0.4 miles
Taco Bell
Dining
15,912 visits/mo
0.5 miles
7-Eleven
Shops & Services
12,285 visits/mo
0.2 miles
Marathon
Shops & Services
9,743 visits/mo
0.1 miles
National Coney Island
Dining
7,985 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
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning and a drive-through configuration support compatible commercial uses, subject to required approvals.
Where is this storefront property located?
The property is located at 28351 Groesbeck Hwy Roseville, MI.
What are key features of this property?
This property features: Freestanding retail property with a drive‑through; Commercial zoning; proposed uses remain subject to zoning and approvals; Built in 2003
