Bank Building with Multiple Curb
For Sale
$1,250,000
30379 Gratiot Ave, Roseville, MI 48066
Former bank facility with multiple access points and connections to I-94.
Property Size4,149 SF
Lot Size1.24 Acres
Days on Market136
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Property Features for 30379 Gratiot Ave
General Information
Standard status
Active
Size
4,149 SF
Total Parking Spaces
35
Lot size
1.24 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,250,000
Building Details
Building Size
4,149 SF
Year Built
2005
Buildings
1
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Joel Kestenberg · License #6501393354
(248) 330-5286
Source:
Friedmanrealestate
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 14 at 7:54PM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
This former bank building was constructed in 2005 and occupies a 1.24-acre site along Gratiot Ave in Roseville, Michigan. Multiple curb cuts provide separate entry and exit points for the property.
The site offers access to major freeways through I-94. National retailers within 1 mile include Home Depot, Walmart, Sam's Club, and Bob's Discount Furniture, placing the property within an established retail area.
The site offers access to major freeways through I-94. National retailers within 1 mile include Home Depot, Walmart, Sam's Club, and Bob's Discount Furniture, placing the property within an established retail area.
Key Highlights
- Former bank building constructed in 2005
- 1.24‑acre site along Gratiot Ave
- Multiple curb cuts support ingress and egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,373
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,460
$1.1M
Cap Rate 7%
$776,757
$776.8K
Cap Rate 9%
$604,144
$604.1K
Market Conditions
NOI Build-Up for 4,149 SF
Gross rent
$82.2K $19.80/SF
− Vacancy
−$9.7K −$2.33/SF
EGI
$72.5K $17.47/SF
− OpEx
−$18.1K −$4.37/SF
NOI
$54.4K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,460
Cap Rate 7%
$776,757
Cap Rate 9%
$604,144
Alternative Uses
Best Use
Specialty Retail
$776.8K
$679.7K – $906.2K
NOI $54,373 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 2.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 27%
Electronics 26%
Dining 24%
Shops & Services 16%
Kroger
Groceries
44,518 visits/mo
0.3 miles
Best Buy
Electronics
42,093 visits/mo
0.2 miles
Tim Hortons
Dining
12,879 visits/mo
0.3 miles
DSW Designer Shoe Warehouse
Apparel
11,384 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,923 visits/mo
0.5 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with multiple access points and connections to I-94.
Where is this bank located?
The property is located at 30379 Gratiot Ave Roseville, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Former bank building constructed in 2005; 1.24‑acre site along Gratiot Ave; Multiple curb cuts support ingress and egress
