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    Property profile & analytics

    24845 Gratiot Ave Eastpointe, MI 48021-3314

    • Turn key restaurants
    • 8,918 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1305416
    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

    • Olive Garden Italian Restaurant / Italian Restaurant / Caterer

    Property Details for 24845 Gratiot Ave

    Year built
    1990
    Lot size
    1.16 lot acres
    Property size
    8,918 SF
    Zone code
    B-3
    Property type
    Turn key restaurants
    APN
    02-14-30-227-022
    APU
    21430227022

    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
    -82.9498
    Latitude
    42.4782
    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
    $36,247
    $0.00
    $0.00
    $545,600
    -
    $0.00
    $0.00
    $1,091,200

    Comparable in this City

    • Value Estimation by Request
      1,034 SF

      18000 9th Mile Rd

      RESTAURANT • 1,034 SF
      18000 9th Mile Rd, Eastpointe, MI 48021-1867
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    • Value Estimation by Request
      3,366 SF

      22151 Gratiot Ave

      RESTAURANT • 3,366 SF
      22151 Gratiot Ave, Eastpointe, MI 48021-2260
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    • Value Estimation by Request
      3,680 SF

      15351 10th Mile Rd

      RESTAURANT • 3,680 SF
      15351 10th Mile Rd, Eastpointe, MI 48021-1011
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    • Value Estimation by Request
      2,400 SF

      19160 10th Mile Rd

      RESTAURANT • 2,400 SF
      19160 10th Mile Rd, Eastpointe, MI 48021-1449
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    • Value Estimation by Request
      1,960 SF

      17317 8th Mile Rd

      RESTAURANT • 1,960 SF
      17317 8th Mile Rd, Eastpointe, MI 48021-3111
      View Details
    • Value Estimation by Request
      1,600 SF

      19156 10th Mile Rd

      RESTAURANT • 1,600 SF
      19156 10th Mile Rd, Eastpointe, MI 48021-1449
      View Details

    Similar Nearby for Sale

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      NNN leased restaurant property with a strong franchisee guarantee.
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      Eastpointe Mixed-Use Investment

      8,553 SF Retail & Residential, High Income
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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

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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
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    • $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
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    • $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
    • $8 SF/Yr
      4,000 SF

      Eastpointe Multi-Use Commercial Space

      4,000 SF Multi-Use Building - Prime Location
      18145 8 Mile Rd, Eastpointe, MI 48021
      View Details

    Property Visit Statistics

    • Visits by month
      14.8k
    • Visitors by month
      12.7k
    • Avg Time on site
      61 min
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    24845 Gratiot Ave
    Eastpointe, MI 48021-3314
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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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