Entity Owned Property summary
This exceptional 11,294-square-foot retail property, formerly a Rite Aid, presents a unique investment or leasing opportunity in the thriving Richmond, Michigan market. Situated on Gratiot Avenue, a major north retail corridor serving Southeast Michigan, this single-tenant building boasts a highly desirable location. The property features a convenient drive-thru, prominent pylon signage ensuring excellent visibility, and easy ingress and egress. Ample parking is provided with 42 spaces. The… strategic location offers significant advantages, positioned directly across from a Kroger-anchored shopping center, the area's dominant grocery store. Further enhancing its appeal, the property shares a parking lot with a Family Farm and Home store, creating a synergistic retail environment. The 1.18-acre lot provides ample space and potential for future development or expansion. The owner is open to both lease and sale options, making this a versatile opportunity for a variety of retail businesses seeking a high-traffic location in a strong retail corridor within Macomb County's South East Michigan submarket, specifically the Metro Detroit cluster. The property's history as a successful drug store demonstrates its suitability for a range of retail uses, and its prime location ensures high visibility and accessibility for customers. This is an exceptional opportunity to acquire a well-positioned retail property in a growing market. The property is located at 66711 Gratiot Ave, Richmond, MI 48062.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 11,294 SF
- Lot area
- 1.18 ac
- Year built
- 1996
- Stories
- 1
- APN
- 07-06-12-201-022
- Zoning
- B-3
- Assessed value · 2023
- $597,200
- Annual tax · 2022
- $33,985
- Medical Building
- Retail Stores · current use
- Commercial (general)
- Office Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
