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    OFF-MARKET
    Turn key restaurants

    100 Gratiot Blvd, Marysville, MI 48040-2309

    14,228 SF 1.7 ac lot Built 1900
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-4570055
    Property summary
    AI-generated overview

    This expansive 14,228 square foot industrial property located at 100 GRATIOT in Marysville, Michigan, presents a unique investment opportunity. The building offers significant potential for a variety of uses. A substantial portion of the space was previously configured as a banquet hall, complete with a pre-installed kitchen, providing a solid foundation for a food service or event-related business. A smaller area on the north side of the building is currently under lease to a Coney Island restaurant, generating existing income. The property's strategic location near the St. Clair River places it within easy reach of numerous other businesses and factories, offering excellent access to transportation and a strong workforce. It's important to note that a section of the flat roof has experienced a collapse and requires substantial repairs. This factor is reflected in the asking price of $600,000. The seller is highly motivated to find a buyer and is open to considering land contract terms, making this an attractive proposition for those seeking a flexible financing option. This property is being sold AS-IS. Don't miss this chance to acquire a large industrial space with significant upside potential in a prime location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 14,228 SF
    Lot 1.7 ac (73,878 SF)
    Zoning code M-1
    APN 74-03-028-1024-000
    UPID US43-4570055
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    CONCORD INN INC
    CONCORD INN INC
    Zoning & alternative use
    M-1 · Marysville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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