Property profile

66901 Gratiot Ave Richmond, MI 48062

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

66901 Gratiot Ave Richmond, MI 48062
Richmond 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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