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    Property profile & analytics
    OFF-MARKET Estimated value $14,925,000
    Outlet malls

    32123 Gratiot Ave, Roseville, MI 48066-1147

    370,077 SF 18.24 ac lot Built 1964
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US43-4783467
    Property summary
    AI-generated overview

    This exceptional Roseville, Michigan industrial property offers a unique investment opportunity. Comprising three buildings totaling 179,253 net rentable square feet, this multi-unit complex presents significant potential. The property features a mix of warehouse spaces, with one building offering 158,853 square feet of second-floor storage and another boasting 17,912 square feet of first-floor warehouse space. A third smaller warehouse unit of approximately 2,500 square feet on the first floor also adds to the versatility. Building features include ceiling heights ranging from 15 to 19 feet, providing ample vertical space. The property includes a total of approximately 450 parking spaces, crucial for efficient operations. Convenient access is provided via three freight elevators. Both lease and sale options are available, with lease rates starting at $3.50 NNN and going up to $4.50 NNN. The property is fully fire suppressed and includes truck wells for easy loading and unloading. Located at 32123 Gratiot Avenue, Roseville, MI 48066, this property benefits from excellent visibility and accessibility. The property was built in 1964 and is comprised of three buildings across two stories. The APN is 08-14-04-251-012. This is a rare opportunity to acquire a substantial industrial portfolio in a prime location. Contact us today to discuss pricing and explore this exciting investment prospect.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1964
    Total area 370,077 SF
    Lot 18.24 ac (794,578 SF)
    Zoning code B-2
    APN 08-14-04-251-012
    UPID US43-4783467
    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
    • Hobby Lobby (Bike/Boat/Book/etc) Store
    • Dr. John Spolyar Dental Office
    • Sears Appliance Repair Hardware & Home Improvement HVAC Service
    • Dr. Jeffrey Easton Dental Office
    • Dr. Liana Pryde Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $14.92M
    Blend (final) Blend
    $14.93M
    Owner & transaction history
    Ace Roseville LLC · 3 yrs held
    Ace Roseville LLC
    since 2022
    5 recorded transactions
    2022
    2019
    2015
    1969
    1969
    Zoning & alternative use
    B-2 · Roseville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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