Entity Owned Property summary
This exceptional 4,800-square-foot retail property, located at 8840 Macomb Street in Grosse Ile Township, Michigan, presents a compelling investment opportunity. The single-story building sits on a 0.56-acre lot (APN 73029010032000) and boasts 46 parking spaces, ensuring ample customer convenience. The property is zoned MSD and features a 12-foot ceiling height, providing versatile space for a variety of retail uses. Recently updated, the building includes a functional kitchen hood system, ideal for food-related businesses or those requiring specialized ventilation. Its prime location near a Kroger grocery store offers high visibility and accessibility. The asking price is $437,750, translating to $91.20 per square foot. Building signage is available, enhancing marketing potential. Lease options are available at a rate of $10.00 per square foot, NNN. This property is a turnkey solution for a discerning buyer or tenant seeking a well-maintained, conveniently located retail space in a thriving community. The property's size, parking, and location make it an attractive option for a wide range of businesses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MSD · Grosse Ile, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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