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    66901 Gratiot Ave Richmond, MI 48062

    Sponsored
    For Lease
    $72,000

    High-visibility corner lot for lease in Richmond, MI.

    Lot size:
    21,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.5-acre parcel sits on the highly trafficked southwest corner of Gratiot Avenue and 31 Mile Road, offering unparalleled visibility and accessibility. The property boasts a signalized intersection, ensuring maximum exposure to passing motorists. Its strategic location directly across from a Kroger supermarket guarantees high foot traffic and a strong customer base. The surrounding area is anchored by numerous well-known national brands, creating a vibrant and desirable commercial environment. The B3 General Business zoning allows for a diverse range of permitted uses, including car washes, restaurants, self-storage facilities, banks and financial institutions, and urgent care centers, as well as office spaces. Special condition uses, such as drive-thru retail establishments and gas stations, are also considered. This versatile property presents a unique opportunity for businesses seeking a prominent location with excellent exposure and a wide array of development possibilities. The property's APN is 07-06-12-226-003. This is a single-tenancy site ideal for a business looking to establish a strong presence in a thriving commercial area. The high traffic counts and visibility make this an exceptional opportunity for a variety of businesses. Don't miss this chance to secure a prime location in a rapidly growing market.

    Property Features for 66901 Gratiot Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,780 SF
    Total Rate
    72000

    Unit(s) available at that property

    Space
    Size
    21,780 SF
    Rate per SF
    $72,000

    HighLights

    • +/- 0.5‑acre lot on a signalized hard corner.
    • Excellent visibility for passing motorists.
    • Directly across from a Kroger grocery store.
    • Surrounded by national brand retailers.
    • Permitted uses include car washes, restaurants, self‑storage, banks, financial institutions, and urgent care centers, plus office space.
    • Special use permits available for drive‑thrus, gas stations, and other uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Macomb
    State
    Michigan
    Longitude
    -82.736384819963
    Latitude
    42.794536879486

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot for lease in Richmond, MI.
    Where is this land located?
    The property is located at 66901 Gratiot Ave Richmond, MI.
    What is the lease rate?
    The lease rate is $72,000.
    What are key features of this property?
    This property features: +/- 0.5-acre lot on a signalized hard corner.; Excellent visibility for passing motorists.; Directly across from a Kroger grocery store.
    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
    66901 Gratiot Ave Richmond, MI 48062
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