21206 Gratiot AveEastpointe, MI 48021

Property Details for 21206 Gratiot Ave

Year built

1964

Lot size

0.09 AC

Property size (Sq ft)

1,589 SF

Zone code

B-3

Property type

Retail space

APN

02-14-31-309-008

APU

21431309008

Description

This exceptional 1,589 square foot industrial property, situated at 21206 GRATIOT in Eastpointe, Michigan, presents a compelling investment opportunity. Located on a 0.09-acre lot, this building benefits from its prime position in a high-traffic area, making it exceptionally well-suited for a diverse range of businesses. The property is offered at $150,000 and is available via a land contract, offering a flexible and potentially attractive financing option for prospective buyers. The building's size and location make it suitable for various commercial uses, providing ample space for operations and convenient access for customers and suppliers. The high traffic count ensures significant visibility and potential for increased customer interaction. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. The property's strategic location and flexible financing options make it an attractive proposition for entrepreneurs and investors seeking a foothold in a thriving commercial area. Detailed property information and specifications are available upon request. Don't miss this chance to acquire a well-positioned industrial property in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $485,819

  6.5%

  $448,448

  7%

  $416,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $374,560

  Geo Method

  $374,560

• Alternative Use

  Use

  Valuation

  Residential

  $378,283

  Hospitality

  $346,505

  Educational

  $288,288

  Medical

  $298,203

  Retail

  $448,448

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4537

Longitude

-82.9646

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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