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Property profile & analytics

32123 Gratiot Ave Roseville, MI 48066-1147

  • Outlet malls
  • 370,077 SF
  • 18.24 lot acres
OFF-MARKET
Last Sale
Sep 01, 2022
Value Estimations
$14,925,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-4783467
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hobby Lobby / Picture Frame Shop / Scrapbooking Store
  • Dr. John Spolyar / Orthodontist
  • Sears Appliance Repair / Furnace Repair Service / Refrigerator Repair Service
  • Dr. Jeffrey Easton / Dentist
  • Dr. Liana Pryde / Dentist

Property Details for 32123 Gratiot Ave

Year built
1964
Lot size
18.24 lot acres
Property size
370,077 SF
Zone code
B-2
Property type
Outlet malls
APN
08-14-04-251-012
APU
81404251012

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $14,924,000
    Market price range: $14.0M - $38.1M
    AI Estimate
    $14,924,000
    Market price range: $14.0M - $38.1M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $24,675,000
    Current use
    INDUSTRIAL (GENERAL)
    $21,895,000
    Change: -11% Conversion: Difficult
    OFFICE BUILDING
    $20,280,000
    Change: -18% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Roseville
County
Macomb
State
Michigan
Longitude
-82.9162
Latitude
42.5332
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$355,430
$0.00
$0.00
$5,994,900
-
$0.00
$0.00
$11,989,800
More about this property
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