Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32233 Gratiot Ave Roseville, MI 48066

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Regional mall with enhanced retail mix in Roseville, Michigan.

    Property Features for 32233 Gratiot Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Chris Brochert
    Chris Brochert
    Source: Crexi

    Listing Agency: Lormax Stern Listing Agent: Chris Brochert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Macomb Mall Retail Space Available

    Located in the Detroit suburb of Roseville, Macomb Mall is a regional shopping center that has been serving shoppers for over 50 years. Situated at the intersection of Grotto Avenue and Masonic Boulevard, the mall is anchored by Kohl’s, At Home, and Dick’s Sporting Goods. Macomb Mall was renovated and redeveloped in 2014 and features an enhanced retail mix including Old Navy, H&M, Ulta, Kay Jewelers, DXL, Victoria’s Secret, Bath & Body Works, White Barn Candle, and Shoe Carnival. The property is conveniently located off of I-94.
    Location Intelligence

    Current Use by Public Records

    Victoria's Secret & PINK ... (Bike/Boat/Book/etc) Store Macomb Mall Shopping Center & Mall Pretty Things Clothing & Fashion Store Banter by Piercing ... (Bike/Boat/Book/etc) Store SameDay Custom Custom T-Shirt Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Secretary of State Self-service Station, Gratiot Plaza, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.911256
    Latitude
    42.536782

    Nearby Similar for Lease

    • $3,440 /Mo

      Car Wash and Industrial Buildings

      Two buildings on one parcel with wash bays and industrial space.
      30201 Little Mack Ave, Roseville, MI 48066
      View Details
    • $1,200 /Mo
      1,000 SF

      Roseville Office Space Available

      Office space for lease in Roseville, great location.
      28311 Gratiot Ave, Roseville, MI 48066
      View Details
    • $3,440 /Mo

      Car Wash & Industrial Buildings

      Two buildings for rent: car wash and industrial space.
      30201 Little Mack Ave, Roseville, MI 48066
      View Details
    • $1,200 /Mo

      Retail Units Available For Rent

      Two 1,000 SF retail units available in Roseville, MI.
      28311 Gratiot Ave, Roseville, MI 48066
      View Details
    • $2,500 /Mo

      Mixed-Use Building with Income Potential

      Mixed-use property featuring retail and residential units for lease.
      26345 Gratiot Ave, Roseville, MI 48066
      View Details
    • $6 SF/Yr

      Clean Space on 12 Mile

      Usable space with easy access and updated offices and shop.
      15201 E 12 Mile Rd, Roseville, MI 48066
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Highly visible retail space with ample parking and easy access.
      18703 E Ten Mile Rd, Roseville, MI
      View Details
    • $2,000 /Mo

      Retail Space with Ample Parking

      Retail space for rent with high visibility and ample parking.
      19381 10 Mile St, Roseville, MI 48066
      View Details
    • $1,400 /Mo

      Retail Space with Ample Parking

      Corner retail space with high visibility and ample parking.
      19421 10 Mile St, Roseville, MI 48066
      View Details
    • Contact for pricing
      30,035 SF

      Retail Space in Gratiot Plaza

      Retail space available in Roseville's Gratiot Plaza Shopping Center.
      30701-30851 Gratiot Ave, Roseville, MI 48066
      View Details
    • Contact for pricing

      Retail Front Industrial Building

      Retail front industrial building with one exterior overhead door.
      30903 Groesbeck Hwy, Roseville, MI 48066
      View Details
    • $53 SF/Yr
      18,131 SF

      Roseville Retail Space For Lease

      Prime Restaurant Space, Macomb East, MI
      32901 Gratiot Ave, Roseville, MI 48066
      View Details

    FAQs

    What type of property is this?
    Shopping center - Regional mall with enhanced retail mix in Roseville, Michigan.
    Where is this shopping center located?
    The property is located at 32233 Gratiot Ave Roseville, MI.
    What are key features of this property?
    This property features: - Anchored by Kohl's, At Home, and Dick's Sporting Goods.; - Located off I-94 in Roseville, a Detroit suburb.; - Renovated and redeveloped in 2014.
    Request Owner's contact information
    32233 Gratiot Ave Roseville, MI 48066
    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.
    32233 Gratiot Ave
    Roseville, MI 48066
    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
    32233 Gratiot Ave Roseville, MI 48066
    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

    We can help!
    Listing Contact
    Chris Brochert
    Chris Brochert
    Real Estate License ID: 6​5​0​5​3​6​5​9​7​4
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!