25996 Gratiot AveRoseville, MI 48066

Property Details for 25996 Gratiot Ave

Year built

1999

Lot size

1.35 AC

Property size (Sq ft)

11,100 SF

Zone code

B-3

Property type

Drug stores

APN

08-14-20-326-039

APU

81420326039

Description

This exceptional 11,099-square-foot retail property, formerly a Rite Aid, is available for lease in Roseville, Michigan. Situated on a 1.35-acre lot at the highly visible southeast corner of Gratiot Avenue and Frazho Road, this single-tenant building offers excellent accessibility with ingress/egress to both major thoroughfares. Benefit from a prime location directly across from a Kroger and TJ Maxx, ensuring high foot traffic and strong daytime population density. The property boasts impressive visibility with over 39,000 vehicles passing daily and a prominent pylon sign. Ample parking is available with space for 77 cars. The entire 11,099 square feet is currently vacant, presenting a unique opportunity for a variety of retail uses. This location in Macomb County, at 25996 Gratiot Ave, Roseville, MI 48066, offers a compelling combination of high visibility, convenient access, and strong surrounding businesses, making it an attractive proposition for any retail enterprise seeking a prominent presence in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,393,698

  6.5%

  $3,132,644

  7%

  $2,908,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,616,501

  Geo Method

  $2,616,501

• Alternative Use

  Use

  Valuation

  Residential

  $2,642,502

  Hospitality

  $2,420,518

  Educational

  $2,013,843

  Medical

  $2,083,102

  Retail

  $3,132,644

Location Insight

City

Roseville

County

Macomb

State

Michigan

Latitude

42.4867

Longitude

-82.9427

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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