Property profile

100 Gratiot Blvd Marysville, MI 48040

OFF-MARKET
Turn key restaurants
Property ID
US43-4570055
14,228 SF 1.7 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
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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

Location

100 Gratiot Blvd Marysville, MI 48040-2309
Marysville metro Census 637100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

Zoning & alternative use

M-1 · Marysville, MI
Zoning description

The M-1 Light Industrial Districts are designed so as to primarily accommodate wholesale activities and warehouse and industrial operations whose external, physical effects are restricted to the area of the districts and…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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