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    4220 24Th Ave Fort Gratiot Township, MI 48059

    Sponsored
    For Sale
    $2,350,000

    Fort Gratiot, MI - Vacant, 5,803 SF

    Property size:
    5,803 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,803-square-foot vacant commercial property, located at 4220 24th Ave in Fort Gratiot Township, Michigan, presents a remarkable investment opportunity. The property, built in 2001, sits on a substantial 1.53-acre lot and boasts a single-story building with a C-2* permitted zoning classification. Ideal for a quick-service restaurant or fast-food establishment, this location benefits from high visibility due to its position along 24th Ave, a major thoroughfare with over 25,000 vehicles per day, and prominent pylon signage. The property's strategic placement as an outlot to Lowe's and its proximity to other major retailers such as Target, Meijer, Home Depot, and Walmart ensures significant foot traffic and brand recognition. The ample parking available on the large lot further enhances its appeal. The asking price is $2,350,000, translating to $404.96 per square foot. The property is offered as a Net NNN lease with a single tenancy. The APN is 74200224001100. This is a rare chance to acquire a prime retail space in a thriving commercial area. Don't miss this opportunity to establish your business in a high-traffic, high-visibility location.

    Property Features for 4220 24Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    5,803 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1
    Units
    1
    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 Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot Township
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4554977
    Latitude
    43.0321323

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    FAQs

    What type of property is this?
    Restaurant - Fort Gratiot, MI - Vacant, 5,803 SF
    Where is this restaurant located?
    The property is located at 4220 24Th Ave Fort Gratiot Township, MI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    Request Owner's contact information
    4220 24Th Ave Fort Gratiot Township, MI 48059
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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
    4220 24Th Ave Fort Gratiot Township, MI 48059
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