Property profile

26601 Gratiot Ave Roseville, MI 48066

OFF-MARKET
Medical Office Space
Property ID
US43-1107216
2,288 SF 0.06 ac lot Built 1949
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Mixed-use property located off Gratiot Avenue in Roseville, Michigan, situated on a corner parcel with two buildings and a total lot area of approximately 0.06 acres. The front building (Building 1) was renovated in 2019 and contains approximately 2,276 square feet of flexible space configured for office or retail use, including multiple entrances, office areas and an open area, and on-site parking; the building has been used previously as a classroom and includes three conference rooms/offices. The rear building (Building 2) includes a large ground-floor storage/garage area and a studio apartment on the upper level. The property is connected to major roadways and is positioned near retail and restaurant uses; it is designed to support multiple income-producing and owner-user scenarios. Vehicle traffic along the adjacent corridor is estimated at approximately 40,000 to 60,000 vehicles per day. Total reported building area is approximately 2,288 square feet across the two structures.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1949
Total area 2,288 SF
Lot 0.06 ac (2,614 SF)
Zoning code B-3
APN 08-14-20-130-032
UPID US43-1107216

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Medical Clinic
  • Real Estate Agency
  • Real Estate Agency
  • Charitable Organization Social Service Agency

Location

26601 Gratiot Ave Roseville, MI 48066-3372
Roseville metro Census 256200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2021
Last sale
$130,000
3 recorded transactions
2021
Price N/A
2020
$130,000
2017
Price N/A

Zoning & alternative use

B-3 · Roseville, MI
Zoning description

70-34 Required conditions. Article XI B-2 Community Business District § 370-35 Intent. § 370-36 Principal permitted uses . § 370-37 Permitted uses subject to special conditions. § 370-38 Required conditions. Article XII…

General category COMMERCIAL

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
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