Gratiot Ave Eastpointe, MI 48021

Property Details for Gratiot Ave

Year built

1952

Lot size

1.05 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 4800 square foot shopping center ideally situated in Eastpointe, Michigan. The property boasts three individual units, each spanning 1600 square feet, offering significant flexibility for potential buyers. Each unit is equipped with its own separate utilities, providing independent control and operational efficiency. The seller is open to selling each unit individually, presenting a unique opportunity for both large-scale investors and smaller-scale entrepreneurs. The property has undergone recent and significant improvements, including updated electrical systems and plumbing, as well as the installation of brand new windows and doors, enhancing both the aesthetic appeal and the energy efficiency of the building. Currently, one unit is occupied by a month-to-month tenant operating a barber shop, providing immediate rental income. The property sits on a sizable 1.05-acre lot, offering ample space and potential for future expansion or development. This prime commercial location in Eastpointe presents a rare chance to acquire a well-maintained, versatile property with strong income potential and significant upside. The combination of updated infrastructure, individual unit flexibility, and a desirable location makes this an attractive investment for discerning buyers seeking a profitable venture in a thriving market. The property's size and layout offer a variety of potential uses, making it an ideal investment for both seasoned investors and those new to the commercial real estate market.

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Longitude

-82.9675

Latitude

42.4503