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    20840 Gratiot Ave Eastpointe, MI 48021-2863

    • Drive through restaurants
    • 2,910 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 14, 2022
    Location Intelligence
    Property ID
    US43-0892917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Burger King / Fast Food Restaurant / Restaurant

    Property Details for 20840 Gratiot Ave

    Year built
    1986
    Lot size
    0.55 lot acres
    Property size
    2,910 SF
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    02-13-36-480-001
    APU
    21336480001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9663
    Latitude
    42.4508
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,209
    $0.00
    $0.00
    $197,200
    -
    $0.00
    $0.00
    $394,400

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      19380 10th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,200 SF
      19380 10th Mile Rd, Eastpointe, MI 48021-1450
      View Details
    • Value Estimation by Request
      3,115 SF

      21063 Kelly Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,115 SF
      21063 Kelly Rd, Eastpointe, MI 48021-3127
      View Details
    • Value Estimation
      $2,690,000
      2,428 SF

      18592 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,428 SF
      18592 9th Mile Rd, Eastpointe, MI 48021-1951
      View Details
    • Value Estimation by Request
      3,060 SF

      17801 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,060 SF
      17801 9th Mile Rd, Eastpointe, MI 48021-2567
      View Details
    • Value Estimation by Request
      1,693 SF

      24955 Gratiot Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,693 SF
      24955 Gratiot Ave, Eastpointe, MI 48021-3316
      View Details
    • Value Estimation by Request
      1,539 SF

      18500 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,539 SF
      18500 9th Mile Rd, Eastpointe, MI 48021-1951
      View Details

    Similar Nearby for Sale

    • $2,644,068
      3,154 SF

      Eastpointe NNN Leased Restaurant

      NNN leased restaurant property with a strong franchisee guarantee.
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    • New
      $189,950
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      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
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    • $700,000
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      Updated Retail Property in Eastpointe

      Recently remodeled retail property with high visibility and ample parking.
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    • $775,000
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      Eastpointe Mixed-Use Investment

      8,553 SF Retail & Residential, High Income
      23001 Gratiot Ave, Eastpointe, MI 48021
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      Eastpointe Retail Building For Sale

      7,000 SF retail building in a densely populated area.
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      Eastpointe Retail Building For Sale

      Multi-tenant retail building on Gratiot Avenue, ideal for investors.
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    Similar Nearby for Lease

    • $1,500 /Mo

      Retail Space with Open Layout

      892 sq ft retail space with parking available for lease.
      22239 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $2,700 /Mo
      2,908 SF

      Eastpointe Retail Space For Rent

      2908 sqft retail space in the heart of Eastpointe.
      16914 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,000 /Mo
      1,904 SF

      Eastpointe Retail Space For Rent

      Retail space available for lease in Eastpointe, Michigan.
      16906 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $13 SF/Yr
      31,290 SF

      Eastpointe Retail Space For Rent

      31,290 SF retail space available for lease.
      19001 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $16 SF/Yr
      11,172 SF

      Eastpointe Retail Space For Lease

      11,172 SF Retail Building, High Visibility
      22600 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $25 SF/Yr
      4,386 SF

      Prime Retail Freestanding Building

      Former bank, high visibility, drive-thru.
      19000 9 Mile Rd, Eastpointe, MI 48021
      View Details

    Property Visit Statistics

    • Visits by month
      11.4k
    • Visitors by month
      10.4k
    • Avg Time on site
      15 min
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    Eastpointe, MI 48021-2863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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