Property profile

1705 Gratiot Blvd Marysville, MI 48040

FOR SALE
Office buildings
Property ID
US43-4538921
1,536 SF 0.16 ac lot Built 1900
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,536 square foot free-standing industrial building is situated on a 0.2-acre lot at 1705 Gratiot in Marysville, Michigan. Its prime location on the heavily traveled Gratiot Boulevard ensures high visibility and accessibility. The property boasts abundant parking, a significant advantage for businesses requiring convenient client or employee access. Currently configured as a chiropractic office, the interior layout includes a welcoming reception area, a comfortable waiting room, and three well-appointed exam/adjustment rooms. This adaptable space presents a fantastic opportunity for a variety of businesses seeking a functional and visible location. The building's existing layout could easily be modified to suit diverse operational needs. The substantial lot size offers potential for expansion or outdoor storage, further enhancing its versatility. The asking price is $324,900. This property represents a compelling investment opportunity in a thriving commercial area. Its strategic location, ample parking, and flexible interior make it an ideal choice for entrepreneurs and established businesses alike. Serious inquiries are encouraged to explore the potential of this exceptional property.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 1,536 SF
Lot 0.16 ac (7,013 SF)
Zoning code C-3
APN 74-03-773-0065-000
UPID US43-4538921

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Barber Shop

Location

1705 Gratiot Blvd Marysville, MI 48040
Marysville metro Census 637200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
Last sale
$180,000
2 recorded transactions
2023
$180,000
2009
Price N/A

Zoning & alternative use

C-3 · Marysville, MI
Zoning description

The C-3 Thoroughfare Business Districts are designed to provide areas for business types that are generally located so as to serve passerby traffic. In addition, other businesses of a non retail nature that do not depend…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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