46025 Gratiot Ave Macomb, MI 48042
- Flex space
- 9,674 SF
- 1.66 lot acres
Current Use by Public Records
- Linde Welding Gas & Equipment Center / Industrial Gas Supplier / Safety Equipment Supplier
Property Details for 46025 Gratiot Ave
- Year built
- 2000
- Lot size
- 1.66 lot acres
- Property size
- 9,674 SF
- Zone code
- M1
- Property type
- Flex space
- APN
- 20-08-36-276-010
- APU
- 200836276010
Description
This exceptional investment opportunity presents a single-tenant, net-lease industrial distribution property located at 46025 N. Gratiot Ave, Macomb, MI 48042. The property boasts a substantial 8,474 square feet of warehouse space, complemented by an additional 1,200 square foot outbuilding, all situated on a 1.66-acre lot. Built in 2000, this Class C building features a 21-foot ceiling height and one dock-high door. Currently 100% occupied by Linde Gas and Equipment, Inc. since 2007, the property benefits from a strong, long-term lease with 10 years remaining. The favorable lease terms minimize landlord responsibilities, offering a secure and passive income stream. The property's Net Operating Income (NOI) is $126,000, resulting in an attractive 7.41% capitalization rate. The asking price is $1,700,000. The property is zoned IND and consists of two single-story buildings. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location with minimal management requirements. The property's Parcel Number (APN) is 20-08-36-276-010.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Macomb
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8574
- Latitude
- 42.6386
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
