27380 Gratiot Ave, Roseville, MI 48066
Retail space on Gratiot near I-696 with high traffic.
- Added:
- Jun 4, 2024
- Days on Market:
- 763
- Last Refresh:
- Jul 5 at 8:57 am
Property Features for 27380 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing office Pilot Property Group (586) 254-0900
Listing date Jun 4, 2024
Source Crexi
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 Pilot Property Group
HighLights
- Phenomenal location on Gratiot Ave, seconds from I‑696.
- High traffic count exceeding 60,000 vehicles per day (VPD).
- Neighbors Costco, Roseville Rec Center, Joe Randazzo’s, and other established businesses.
- Large pole sign on Gratiot provides tremendous exposure.
- Building has been a salon for 30 years.
- Business can be purchased for an additional $50,000.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.5k | $12.00 |
| − Vacancy | −$2.5k | −$1.44 |
| EGI | $18.0k | $10.56 |
| − OpEx | −$5.4k | −$3.17 |
| NOI | $12.6k | $7.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Macomb
- State
- Michigan
- Longitude
- -82.934965
- Latitude
- 42.498357
