17503 Stephens DrEastpointe, MI 48021

Property Details for 17503 Stephens Dr

Year built

1957

Construction

CONCRETE BLOCKS

Lot size

0.05 AC

Property size (Sq ft)

760 SF

Zone code

B-3

Property type

Retail space

APN

02-14-29-179-022

APU

21429179022

Description

This 760-square-foot industrial building presents a fantastic opportunity for businesses seeking a well-located and updated space in Eastpointe, Michigan. Situated on a prominent corner lot just east of Gratiot Avenue, the property boasts significant road frontage, ensuring high visibility and accessibility for customers and clients. The building itself is ready for immediate occupancy, offering a move-in-ready environment for your operations. The 0.04-acre lot provides ample space for parking and potential future expansion. Its strategic location near Gratiot Avenue offers convenient access to major transportation routes, making it an ideal location for businesses needing efficient logistics and distribution capabilities. The updated interior provides a modern and functional workspace, minimizing the need for costly renovations. This property is priced competitively at $78,000, representing an excellent value for a well-maintained industrial space in a desirable location. Don't miss this chance to establish your business in a thriving area with excellent visibility and accessibility. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $232,361

  6.5%

  $214,487

  7%

  $199,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,148

  Geo Method

  $179,148

• Alternative Use

  Use

  Valuation

  Residential

  $180,928

  Hospitality

  $165,729

  Educational

  $137,885

  Medical

  $142,627

  Retail

  $214,487

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4726

Longitude

-82.9413

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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