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    26345 Gratiot Ave Roseville, MI 48066

    Sponsored
    For Sale
    $429,000

    Four-unit apartment building plus retail space. High rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Roseville, Michigan, presents a compelling investment opportunity. Located at 26345 Gratiot Ave, 48066, this building combines four residential apartments with two commercial retail spaces. Each of the four apartments boasts two bedrooms, one bathroom, and convenient in-unit laundry hookups. Currently, three apartments are occupied, generating consistent rental income. The fourth apartment is vacant, offering immediate potential for increased revenue. The two vacant commercial units provide a prime opportunity to further enhance the property's income stream by attracting new tenants. This property is ideally suited for investors seeking a diversified portfolio with significant upside potential. The building's location in Macomb County offers easy access to major roadways and local amenities. The asking price for this lucrative mixed-use property is $429,000. Don't miss this chance to acquire a well-positioned asset with proven rental income and substantial growth prospects.

    Property Features for 26345 Gratiot Ave

    General Information

    Property type
    Individual retail properties

    HighLights

    • $429,000 asking price.
    • Mixed‑use property with multifamily and retail components.
    • Located at 26345 Gratiot Ave, Roseville, MI 48066.
    • Features four 2‑bedroom, 1‑bathroom residential apartments with laundry hookups; three currently rented.
    • Includes two vacant commercial retail spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liberty Drop In Center ... Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9421342
    Latitude
    42.4897582

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    FAQs

    What type of property is this?
    Individual retail property - Four-unit apartment building plus retail space. High rental income potential.
    Where is this individual retail 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: $429,000 asking price.; Mixed-use property with multifamily and retail components.; Located at 26345 Gratiot Ave, Roseville, MI 48066.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    26345 Gratiot Ave Roseville, MI 48066
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