23001 Gratiot Ave Eastpointe, MI 48021

Property Details for 23001 Gratiot Ave

Year built

1954

Construction

CONCRETE BLOCKS

Lot size

0.16 lot acres

Property size

8,553 SF

Zone code

B-2

Property type

Commercial real estate

APN

02-14-30-379-031

APU

21430379031

Description

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 ($11,100), Unit R3 ($10,560), and Unit R4 ($15,600). This multi-tenant property offers a compelling blend of retail and residential spaces, providing a diversified income stream. Located at 23001-23005 Gratiot Ave, Eastpointe, MI 48021, this property is priced at $775,000, translating to $90.61 per square foot. The property's strong rental history and prime location in Macomb County make it an attractive investment prospect with considerable potential for future growth and appreciation. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable market. The property consists of one building.

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Longitude

-82.9571

Latitude

42.4671

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments