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Property profile & analytics
FOR LEASE
Commercial real estate

32901 Gratiot Ave Roseville, MI 48066

16,668 SF 1.63 ac lot Built 2007
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US43-1081348
Property summary
AI-generated overview

This exceptional retail property, located at 32901-32931 Gratiot Avenue in Roseville, Michigan, offers a fantastic opportunity for restaurant businesses. Situated in the desirable Macomb East submarket of Macomb County, this single-story building boasts a total of 18,131 square feet and sits on a sizable 1.63-acre lot. Built in 2007, the property features two suites, with a minimum divisible space of 2,255 square feet and a maximum contiguous space of 2,739 square feet. Currently, 4,994 square feet are available for lease. The convenient location on Gratiot Avenue, with a cross street of 14 Mile Road, ensures high visibility and accessibility. Ample parking is provided with 63 spaces available for patrons and employees. The property is zoned B-3, making it ideal for a variety of restaurant concepts. This is a rare opportunity to secure a well-located, spacious, and established retail space in a thriving area. The property's size and layout offer flexibility for various restaurant needs, and the ample parking ensures a convenient experience for customers. Don't miss this chance to establish your business in this prime location. The zip code is 48066.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 16,668 SF
Lot 1.63 ac (71,133 SF)
Zoning code B-3
APN 08-14-04-226-057
UPID US43-1081348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$2.45M
Owner & transaction history
Global Commercial Investments · 22 yrs held
Global Commercial Investments
since 2004
7 recorded transactions
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.4M +35.1%
Medical building $2.0M +17.1%
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