Multi-Tenant Shopping
4715 & 4350 24th Ave, Fort Gratiot, MI 48059
For Sale
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Two national retailers occupy the center, with leases that include rent escalations and reimbursements for operating expenses.
Property SizeContact for details
Lot Size9.00 Acres
Days on Market26
Property Features for 4715 & 4350 24th Ave
General Information
Standard status
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
(248) 351-2014
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 2:14PM
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 CBRE
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Investment Insights
Based on property information with market context.
This multi-tenant retail center is occupied by Burlington and Shoe Show. The building was first constructed for Dick’s Sporting Goods and later divided into space for the two current tenants. Both leases include rental escalations during their initial and option terms, and tenants reimburse the landlord for taxes, insurance, and common area maintenance. Each tenant opened in summer 2026, with nearly ten years remaining on the leases.
The property encompasses nearly nine acres, including parking, and sits between Hobby Lobby and ULTA in Fort Gratiot. Other major retailers in the area include Meijer, Walmart, Aldi, and Target. The site also offers the possibility of outparcel development.
The property encompasses nearly nine acres, including parking, and sits between Hobby Lobby and ULTA in Fort Gratiot. Other major retailers in the area include Meijer, Walmart, Aldi, and Target. The site also offers the possibility of outparcel development.
Key Highlights
- Occupied by Burlington and Shoe Show
- Both leases have nearly ten years remaining and include escalations during initial and option terms
- Tenants reimburse taxes, insurance, and common area maintenance
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
435k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Superstores 22%
Groceries 20%
Dining 12%
Walmart
Superstores
97,451 visits/mo
0.3 miles
Meijer
Groceries
74,543 visits/mo
0.1 miles
Kohl's
Apparel
40,616 visits/mo
0.5 miles
Chick-fil-A
Dining
35,377 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
32,016 visits/mo
0.1 miles
Demographics for 48059, MI
15,319
Population
7,324
Households
2.1
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
31.7 sq mi
ZIP Area
483
Density / Sq Mi
$78,841
Median Household Income
$44,716
Median Earnings
$956
Median Rent
$199,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Birchwood Mall — 4350 24th Ave, Fort Gratiot Twp, MI 48059
Frequently Asked Questions
What type of property is this?
Shopping center - Two national retailers occupy the center, with leases that include rent escalations and reimbursements for operating expenses.
Where is this shopping center located?
The property is located at 4715 & 4350 24th Ave Fort Gratiot, MI.
What is the asking price?
The asking price for this property is $5,744,000.
What are key features of this property?
This property features: Occupied by Burlington and Shoe Show; Both leases have nearly ten years remaining and include escalations during initial and option terms; Tenants reimburse taxes, insurance, and common area maintenance
