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    23825 Gratiot Ave Eastpointe, MI 48021

    Sponsored
    For Sale
    Contact for pricing

    High-traffic corner lot, ideal redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.33-acre commercial land parcel presents a unique redevelopment opportunity in the thriving Eastpointe, Michigan market. Located at 23825 Gratiot Ave, the property boasts convenient curb cuts on both Gratiot Avenue and Stephens Road, two high-traffic thoroughfares with a combined daily vehicle count exceeding 30,000. Its strategic position within a densely populated area, encompassing over 366,000 residents within a 5-mile radius, ensures significant visibility and accessibility. The site's prior use as a Speedway gas station provides a solid foundation for various commercial ventures. However, prospective buyers should note that the sale of motor fuels, petroleum products, and operation as a convenience store are restricted for this location. This prime location offers substantial potential for entrepreneurs seeking a high-visibility site in a bustling community. The property's size and strategic placement make it an attractive investment for a wide range of commercial developments. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a well-positioned commercial lot in a high-demand area. Don't miss out on this chance to capitalize on the significant growth potential of this Eastpointe location. The property is located in Macomb County, Michigan, with a zip code of 48021.

    Property Features for 23825 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    14,375 SF

    HighLights

    • 0.33‑acre commercial land parcel for sale in Eastpointe, MI.
    • Located at 23825 Gratiot Ave, Eastpointe, MI 48021.
    • High traffic location with 30,000 vehicles per day on Gratiot Avenue and Stephens Road.
    • Situated in a densely populated area with over 366,000 people within a 5‑mile radius.
    • Restricted from use as a gas station or convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9536682
    Latitude
    42.4719096

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal redevelopment.
    Where is this land located?
    The property is located at 23825 Gratiot Ave Eastpointe, MI.
    What are key features of this property?
    This property features: 0.33-acre commercial land parcel for sale in Eastpointe, MI.; Located at 23825 Gratiot Ave, Eastpointe, MI 48021.; High traffic location with 30,000 vehicles per day on Gratiot Avenue and Stephens Road.
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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
    23825 Gratiot Ave Eastpointe, MI 48021
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