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Property profile & analytics
OFF-MARKET Estimated value $425,000
Drug stores

22600 Gratiot Ave Eastpointe, MI 48021-2313

11,314 SF 1.19 ac lot Built 2003
Entity Owned 6-yr Hold Free & Clear
Property ID
US43-0496543
Property summary
AI-generated overview

This exceptional 11,172-square-foot retail space is available for lease at 22600 Gratiot Avenue in Eastpointe, Michigan. Built in 2003, the property boasts a single-tenant occupancy and is currently entirely vacant, presenting a unique opportunity for a business seeking a prominent location. The building is situated in a Downtown (DT) zoned area of Macomb County, ensuring high visibility and accessibility for customers. Ample parking is provided with 59 spaces available on-site. The property's classification is Commercial Retail, making it ideal for a wide range of retail businesses. The entire 11,172 square feet is available, offering significant space for a large-scale operation or the potential to be subdivided for multiple smaller tenants (subject to landlord approval). The property's location in Eastpointe, Michigan, zip code 48021, offers convenient access to major roadways and a substantial customer base. This is a prime opportunity for a business seeking a high-traffic, well-located retail space in a thriving community. The property's size and ample parking make it an attractive option for businesses requiring significant space and convenient customer parking. Interested parties should inquire about lease terms and conditions.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2003
Total area 11,314 SF
Lot 1.19 ac (52,011 SF)
Zoning code B-2
APN 02-14-31-127-010
UPID US43-0496543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Paul A. Cyprus, RPh Pharmacy
  • Brian F. Galloway, PharmD Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
  • Amazon Hub Counter - Rite Aid Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$425k
Owner & transaction history
La Imperial LLC · 6 yrs held
La Imperial LLC
since 2019
7 recorded transactions
2020
Price N/A
2019
Price N/A
2008
$110,000
2007
Price N/A
2007
Price N/A
2007
Price N/A
2007
Price N/A
Zoning & alternative use
B-2 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $1.6M +89.7%
Medical building $1.4M +64.4%
Commercial (general) $1.2M +37.6%
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