10973 Gratiot AveCasco, MI 48064

Property Details for 10973 Gratiot Ave

Lot size

0.22 AC

Property size (Sq ft)

4,108 SF

Zone code

B-2

Property type

Grocery and convenience stores

APN

74-12-006-4017-000

APU

74120064017000

Description

This exceptional 2,600 square foot industrial building presents a unique opportunity for entrepreneurs in the thriving Casco, MI market. Situated on a 0.22-acre lot at 10973 Gratiot, this property benefits from a high-traffic location near numerous shopping centers and other new businesses, ensuring excellent visibility and accessibility from multiple directions. The building offers the distinct advantage of live/work potential, allowing for residential living upstairs while operating a business on the ground floor. This versatile setup is ideal for a variety of uses. The property is being sold as real estate only

• CAP approach

  CAP return

  Valuation

  6%

  $1,255,974

  6.5%

  $1,159,360

  7%

  $1,076,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $968,341

  Geo Method

  $968,341

• Alternative Use

  Use

  Valuation

  Residential

  $977,964

  Hospitality

  $895,810

  Educational

  $745,303

  Medical

  $770,935

  Retail

  $1,159,360

Location Insight

City

Casco

County

St. Clair

State

Michigan

Latitude

42.798

Longitude

-82.7333

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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