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    OFF-MARKET
    Grocery and convenience stores

    16325 11th Mile Rd, Roseville, MI 48066-4386

    2,190 SF 0.1 ac lot Built 1956
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US43-0899565
    Property summary
    AI-generated overview

    This 2,190 square foot retail space, formerly a party store, presents a fantastic investment opportunity in Roseville, Michigan. Located at 16325 E Eleven Mile Rd, 48066, this property boasts exceptional visibility due to its strategic placement off Eleven Mile Road and I-696. The building offers convenient on-site parking located at the rear, providing ample space for customers and employees. The asking price for this turnkey retail space is $199,999. The property's convenient store subtype makes it ideal for a variety of retail uses, offering a strong foundation for a successful business venture. Its prime location and ample parking make it an attractive option for both established businesses seeking expansion and entrepreneurs looking to launch a new enterprise. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore this promising investment opportunity further. This property is zoned for retail use.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1956
    Total area 2,190 SF
    Lot 0.1 ac (4,356 SF)
    Zoning code B-1
    APN 08-14-18-455-029
    UPID US43-0899565
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    16325 E 11 Milee Rd LLC · 6 yrs held
    16325 E 11 Milee Rd LLC
    since 2020
    Last sale
    $75,000
    2 recorded transactions
    2020
    $75,000
    2018
    $100,000
    Zoning & alternative use
    B-1 · Roseville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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