46025 Gratiot AveMacomb, MI 48042

Property Details for 46025 Gratiot Ave

Year built

2000

Lot size

1.66 AC

Property size (Sq ft)

9,674 SF

Zone code

M1

Property type

Flex space

APN

20-08-36-276-010

APU

200836276010

Description

This exceptional investment opportunity presents a single-tenant, net-lease industrial distribution property located at 46025 N. Gratiot Ave, Macomb, MI 48042. The property boasts a substantial 8,474 square feet of warehouse space, complemented by an additional 1,200 square foot outbuilding, all situated on a 1.66-acre lot. Built in 2000, this Class C building features a 21-foot ceiling height and one dock-high door. Currently 100% occupied by Linde Gas and Equipment, Inc. since 2007, the property benefits from a strong, long-term lease with 10 years remaining. The favorable lease terms minimize landlord responsibilities, offering a secure and passive income stream. The property's Net Operating Income (NOI) is $126,000, resulting in an attractive 7.41% capitalization rate. The asking price is $1,700,000. The property is zoned IND and consists of two single-story buildings. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location with minimal management requirements. The property's Parcel Number (APN) is 20-08-36-276-010.

• Alternative Use

  Use

  Valuation

  Residential

  $2,303,024

  Hospitality

  $2,109,558

  Educational

  $1,755,127

  Medical

  $1,815,489

  Retail

  $2,730,198

Location Insight

City

Macomb

County

Macomb

State

Michigan

Latitude

42.6386

Longitude

-82.8574

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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