8840 Macomb St, Grosse Ile, MI 48138-1980
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MSD · Grosse Ile, MIGrosse Ile. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.