Property profile

21011 Gratiot Ave Eastpointe, MI 48021

OFF-MARKET
Retail space
Property ID
US43-0227512
3,526 SF 0.1 ac lot Built 1950
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,526-square-foot executive office building presents a compelling investment opportunity in Eastpointe, Michigan. Located on Gratiot Avenue, just north of 8 Mile Road on the west side of the street, this property offers significant potential for a single-user occupancy. Built in 1950, the building sits on a 0.1-acre lot and is zoned B-3, providing flexibility for various business uses. The interior features ceiling heights ranging from 9 to 12 feet. While some deferred maintenance is noted, the asking price of $135,000 reflects this and presents a strong value proposition for a motivated buyer. The property's convenient location and ample square footage make it ideal for a business seeking a prominent presence in a high-traffic area. This is a rare chance to acquire a well-situated commercial property at a significantly reduced price. The seller is highly motivated, making this an exceptional opportunity for a quick and profitable investment. The property's net rentable area is 3,526 square feet, providing ample space for a variety of business needs. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 3,526 SF
Lot 0.1 ac (4,356 SF)
Zoning code B-3
APN 02-13-36-476-057
UPID US43-0227512

Cap rate & NOI

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

Location

21011 Gratiot Ave Eastpointe, MI 48021-2826
Eastpointe metro Census 258900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2023
Last sale
$125,000
2 recorded transactions
2023
Price N/A
2023
$125,000

Zoning & alternative use

B-3 · Eastpointe, MI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21011 Gratiot Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message