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    46025 Gratiot Ave Macomb, MI 48042

    Sponsored
    For Sale
    $1,700,000

    Net lease investment, 7.41% cap rate, 10-year lease.

    Property size:
    8,474 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-tenant, net-lease industrial distribution property located at 46025 N. Gratiot Ave, Macomb, MI 48042. The property boasts a substantial 8,474 square feet of warehouse space, complemented by an additional 1,200 square foot outbuilding, all situated on a 1.66-acre lot. Built in 2000, this Class C building features a 21-foot ceiling height and one dock-high door. Currently 100% occupied by Linde Gas and Equipment, Inc. since 2007, the property benefits from a strong, long-term lease with 10 years remaining. The favorable lease terms minimize landlord responsibilities, offering a secure and passive income stream. The property's Net Operating Income (NOI) is $126,000, resulting in an attractive 7.41% capitalization rate. The asking price is $1,700,000. The property is zoned IND and consists of two single-story buildings. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location with minimal management requirements. The property's Parcel Number (APN) is 20-08-36-276-010.

    Property Features for 46025 Gratiot Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    8,474 SF
    Class
    C
    Lot Size
    72,310 SF

    Building Details

    Year Built
    2000
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • Attractive lease terms with low landlord responsibilities.
    • Long‑term tenant, Linde Gas and Equipment, Inc., in occupancy since 2007.
    • Ten‑year lease currently in effect.
    • Total building area of 9,674 SF, including an 8,474 SF main building and a 1,200 SF outbuilding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Linde Welding Gas ... Welding Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.856421562514
    Latitude
    42.638409821978

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    FAQs

    What type of property is this?
    Distribution property - Net lease investment, 7.41% cap rate, 10-year lease.
    Where is this distribution property located?
    The property is located at 46025 Gratiot Ave Macomb, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Attractive lease terms with low landlord responsibilities.; Long-term tenant, Linde Gas and Equipment, Inc., in occupancy since 2007.; Ten-year lease currently in effect.
    Request Owner's contact information
    46025 Gratiot Ave Macomb, MI 48042
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    Macomb, MI 48042
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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
    46025 Gratiot Ave Macomb, MI 48042
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