21011 Gratiot Ave Eastpointe, MI 48021-2826
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Eastpointe, MIEastpointe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.