Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    21206 Gratiot Ave Eastpointe, MI 48021

    • Retail space
    • 1,589 SF
    • 0.09 lot acres
    For Sale
    View listing
    $150,000
    Value Estimation
    Last Sale
    Sep 09, 2021
    $60,000
    Location Intelligence
    Property ID
    US43-5143189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kamaria Makeupartist / Make-Up Artist

    Property Details for 21206 Gratiot Ave

    Year built
    1964
    Lot size
    0.09 lot acres
    Property size
    1,589 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    02-14-31-309-008
    APU
    21431309008

    Description

    This exceptional 1,589 square foot industrial property, situated at 21206 GRATIOT in Eastpointe, Michigan, presents a compelling investment opportunity. Located on a 0.09-acre lot, this building benefits from its prime position in a high-traffic area, making it exceptionally well-suited for a diverse range of businesses. The property is offered at $150,000 and is available via a land contract, offering a flexible and potentially attractive financing option for prospective buyers. The building's size and location make it suitable for various commercial uses, providing ample space for operations and convenient access for customers and suppliers. The high traffic count ensures significant visibility and potential for increased customer interaction. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. The property's strategic location and flexible financing options make it an attractive proposition for entrepreneurs and investors seeking a foothold in a thriving commercial area. Detailed property information and specifications are available upon request. Don't miss this chance to acquire a well-positioned industrial property in a high-demand location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $70,000

    • CAP approach

      CAP return
      Estimation
      6%
      $60,000
      6.5%
      $65,000
      7%
      $60,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $65,000
      Geo Method
      $65,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $55,000
      Retail
      $65,000
      Mixed-Use
      $65,000
      Hospitality
      $70,000
      Educational
      $65,000
      Residential Income
      $65,000
      Energy
      $65,000
      Income-Based Land
      $60,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9646
    Latitude
    42.4537
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,419
    $0.00
    $0.00
    $59,100
    -
    $0.00
    $0.00
    $118,200

    Comparable in this City

    • Value Estimation by Request
      2,352 SF

      20845 Kelly Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,352 SF
      20845 Kelly Rd, Eastpointe, MI 48021-3112
      View Details
    • Value Estimation by Request
      2,292 SF

      20913 Kelly Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,292 SF
      20913 Kelly Rd, Eastpointe, MI 48021-3128
      View Details
    • Value Estimation by Request
      1,500 SF

      16145 10th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      16145 10th Mile Rd, Eastpointe, MI 48021-1131
      View Details
    • Value Estimation by Request
      3,780 SF

      18314 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,780 SF
      18314 9th Mile Rd, Eastpointe, MI 48021-1961
      View Details
    • Value Estimation by Request
      900 SF

      18311 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      18311 9th Mile Rd, Eastpointe, MI 48021-1949
      View Details
    • Value Estimation by Request
      4,506 SF

      17416 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,506 SF
      17416 9th Mile Rd, Eastpointe, MI 48021-2559
      View Details

    Similar Nearby for Sale

    • $2,130,952
      7,000 SF

      Eastpointe Retail Building For Sale

      7,000 SF retail building in a densely populated area.
      22901 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $159,000

      Eastpointe Retail Investment Opportunity

      Commercial property in high-traffic area, ideal for retail.
      18228 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $349,000

      Well-Maintained Commercial Property on Kelley

      2630 SF commercial property suitable for office, medical, retail.
      22301 Kelly Rd, Eastpointe, MI 48021
      View Details
    • $226,000

      Eastpointe Storefront & Extra Lot

      Prime Retail Investment, High Income Potential
      15615 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $700,000
      4,582 SF

      Established Retail Opportunity in Eastpointe

      Long-standing retail property suitable for dry cleaning or other businesses.
      24730 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      4,000 SF

      Eastpointe Retail/Flex Space Available

      4,000 SF retail/flex space with showroom potential.
      18149 E 8 Mile Rd, Eastpointe, MI 48021
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Retail Space with Open Layout

      892 sq ft retail space with parking available for lease.
      22239 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $2,700 /Mo
      2,908 SF

      Eastpointe Retail Space For Rent

      2908 sqft retail space in the heart of Eastpointe.
      16914 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,000 /Mo
      1,904 SF

      Eastpointe Retail Space For Rent

      Retail space available for lease in Eastpointe, Michigan.
      16906 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $13 SF/Yr
      31,290 SF

      Eastpointe Retail Space For Rent

      31,290 SF retail space available for lease.
      19001 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,250 /Mo

      Retail Space with Open Layout

      Commercial space featuring large display windows and an open floorplan.
      22231 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $2,250 /Mo

      Eastpointe Retail Space For Rent

      Retail space with open floor plan and large display windows.
      22215 Gratiot Ave, Eastpointe, MI 48021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21206 Gratiot Ave
    Eastpointe, MI 48021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.