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Property profile & analytics
OFF-MARKET
Turn key restaurants
28541 Gratiot Ave Roseville, MI 48066-4211
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1476068
Property summary
AI-generated overview
This exceptional 0.44-acre commercial land parcel presents a prime development opportunity in Roseville, Michigan. Located at 28541 Gratiot Avenue, this shovel-ready site boasts 125 feet of frontage on Gratiot Avenue, ensuring high visibility and accessibility. The property is zoned B-3, allowing for a diverse range of commercial uses. Its strategic location near the I-94 and I-696 expressways provides excellent connectivity and convenient access for customers and employees. Ideal for a variety of businesses, including restaurants, used car lots, or repair shops, this property offers significant potential for growth and return on investment. The asking price is $525,000. The lot is situated in Macomb County, Michigan, with a zip code of 48066. This is a rare opportunity to acquire a well-located, commercially zoned parcel ready for immediate development. Don't miss out on this chance to establish your business in a thriving area with high traffic volume.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Total area
5,077 SF
Lot
0.44 ac (19,166 SF)
Zoning code
B-3
APN
08-14-17-230-028
UPID
US43-1476068
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
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
Jimenez Investments INC · 2 yrs held
Jimenez Investments INC
since 2024
Last sale
$105,000
3 recorded transactions
Zoning & alternative use
B-3 · Roseville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$19,758
Tax year 2022
Assessed value
$54,000
Assessed 2023
Previous assessed
$54,000
+0.0% YoY
Effective rate
36.59%
On assessed value
Total market value
$108,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Total area
5,077 SF
Lot
0.44 ac (19,166 SF)
Zoning code
B-3
APN
08-14-17-230-028
UPID
US43-1476068
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Roseville, MI
Zoning B-3 · permitted uses
B-3 · Roseville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Jimenez Investments INC
Entity
Free & Clear · 2 yrs held
Mailing address
1555 W AVON RD, ROCHESTER HILLS, MI 48309-2558
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$105,000
Jimenez Investments INC
Lai Gnow Hoy
Warranty Deed
—
Apr 15, 2021
—
Jimenez Investments INC
Lai Gnow Hoy
Land Contract
—
Mar 29, 2016
$22,070
Leong N Yem
Ottaco INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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