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Property profile

29343 Gratiot Ave Roseville, MI 48066

OFF-MARKET
Retail properties & Spaces
3,000 SF
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Property summary

AI-generated overview

This turnkey smoke shop opportunity in Roseville, Macomb County, presents a unique blend of retail and residential potential. The 3,000 square foot, single-story building sits on a 0.11-acre lot and boasts six parking spaces. Built in 1974 and renovated in the same year, the property is zoned B-3, allowing for a variety of uses. The building includes a full basement and an upstairs apartment, offering a live/work option. Currently configured as a smoke shop, it comes complete with $20,000 worth of inventory, making it an ideal acquisition for a ready-to-operate business. Located on Gratiot Avenue, a high-traffic thoroughfare with over 37,132 vehicles daily, this property ensures excellent visibility and significant daytime traffic. Its strategic location within a densely populated residential area and near numerous national and local businesses provides a robust synergy and strong customer base. This is an exceptional opportunity for entrepreneurs seeking a well-established retail space or a unique live/work combination.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

29343 Gratiot Ave Roseville, MI 48066
Roseville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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