1219-1225 Gratiot

Retail-Commercial for Sale
Catylist Listing ID: 30466838
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 6,321 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $490,000
Unit Price: $77.52 PSF
Ceiling: 20 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2020

Overview / Comments

Unique opportunity that is five properties in one. There is a 1,600 sf retail building that is currently leased out to Subway, a 1,300 sf office (currently partitioned into 3 small offices), a 3,500 sf steel Quonset shop and two vacant parcels. Frontage on SB Gratiot, Harrington, and NB Gratiot.

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Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 11-23-176-032, 11-23-176-034, 11-23-076-044
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Good
Year Built: 1963
Total Parking Spaces: 25
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 90
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,325 101,649 254,357
Median Age: 41.01 40.08 40.97
Households: 6,706 43,097 105,858
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