Technical
Financial
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Property profile

32123 Gratiot Ave Roseville, MI 48066

OFF-MARKET
Outlet malls
Property ID
US43-4783467
370,077 SF 18.24 ac lot Built 1964
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Dental Office
  • Hardware & Home Improvement HVAC Service
  • Dental Office
  • Dental Office

Location

32123 Gratiot Ave Roseville, MI 48066-1147
Roseville metro Census 255000 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
$14.92M
Blend (final) Blend
$14.93M

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Roseville, MI
Zoning description

ns. § 370-30 Required conditions. Article X B-1 Local Business District § 370-31 Intent. § 370-32 Principal permitted uses. § 370-33 Permitted uses subject to special conditions. § 370-34 Required conditions. Article XI…

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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