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    FOR SALE
    Retail space

    27380 Gratiot Ave, Roseville, MI 48066

    1,507 SF 0.12 ac lot Built 1940
    Individually Owned 28-yr Hold Free & Clear
    Property ID
    US43-1845413
    Property summary
    AI-generated overview

    This 1,706 square foot industrial building is situated on a 0.12-acre lot at 27380 Gratiot Avenue in Roseville, Michigan. Its exceptional location offers unparalleled visibility and accessibility, boasting over 60,000 vehicles per day on Gratiot Avenue, placing it seconds from I-696. The property benefits from its proximity to major retailers like Costco and other established local businesses, including Joe Randazzo's. A large pole sign on Gratiot provides significant advertising potential. The building has served as a salon for the past 30 years, presenting a unique opportunity for a buyer. The existing business is available for purchase separately for an additional $50,000. Please note that all inquiries must be made by appointment only to avoid disturbing the current business and its employees. The asking price for the building is $225,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1940
    Total area 1,507 SF
    Lot 0.12 ac (5,227 SF)
    Zoning code B-3
    APN 08-14-17-453-016
    UPID US43-1845413
    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
    • London Calling Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    NORMAN WAGNER
    NORMAN WAGNER
    Zoning & alternative use
    B-3 · Roseville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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