22220 Gratiot Ave Eastpointe, MI 48021-2229
This exceptional investment opportunity presents a 4,800 square foot shopping center ideally situated in Eastpointe, MI, at 22220-22228 Gratiot. The property sits on a 1.05-acre lot and comprises three individual units, each boasting 1600 square feet of space. Each unit benefits from separate utility meters, offering flexibility and independent control for tenants or potential buyers. The seller is open to selling each unit individually, presenting a unique opportunity for both large-scale investors and smaller-scale buyers. Significant recent improvements enhance the property's value and appeal. These upgrades include updated electrical systems and plumbing, along with the replacement of all windows and doors, ensuring modern functionality and curb appeal. Currently, one unit is occupied by a month-to-month tenant operating a barber shop, providing immediate rental income potential. This property offers a compelling blend of existing income, significant recent renovations, and the potential for further development or individual unit sales, making it an attractive investment in a desirable Eastpointe location. The asking price for the entire property is $359,999.
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Rodney's Barber Kings Barber Shop
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The SIFT Group Marketing & Advertising
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.