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Financial
Distress signals
Property profile

23001 Gratiot Ave Eastpointe, MI 48021

FOR SALE
Commercial real estate
Property ID
US43-0793505
8,553 SF 0.16 ac lot Built 1954
Last sale Jun 2022 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional mixed-use investment opportunity in Eastpointe, Michigan, presents a substantial 8,553-square-foot property situated on a 0.16-acre lot. The building, constructed in 1954 and boasting a newer roof, comprises a two-story structure with a DT zoning designation. The property is currently generating significant rental income, with a total annual rent collection of $100,260. Individual unit rentals are as follows: Unit A ($27,600), Unit B ($24,000), Unit R1 ($11,400), Unit R2…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$174k
Effective rate7.53%

Value estimate

· Oct 2026
$575k
$518k – $633k
Submarket $/SF estimate$475k
NOI build-up
Gross scheduled income$103k
Vacancy & credit loss−$12k
Operating expenses−$27k
NOI · 9.37% cap applied$63k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$56 – $169
Qualifying comparables6

Cap rate analysis

How does the asset earn?
9.37%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency53.5
Law Firm33.8
Dental Office29.9

Location

23001 Gratiot Ave Eastpointe, MI 48021
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22201 Kelly, Eastpointe, MI 48021-2617 $550,000 Jan 2024 8,382 SF
17330 9th Mile, Eastpointe, MI 48021-2557 $153,569 Apr 2020 4,940 SF
21058 Kelly, Eastpointe, MI 48021-3126 $120,000 Oct 2019 4,020 SF
22001 Kelly, Eastpointe, MI 48021-2726 $160,000 Sep 2019 10,568 SF
14919 9th Mile, Eastpointe, MI 48021-2147 $1,700,000 Aug 2019 19,250 SF
24901 Gratiot, Eastpointe, MI 48021-3316 $90,000 Jan 2019 5,052 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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