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Property profile & analytics
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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