25197 Gratiot AveRoseville, MI 48066

Property Details for 25197 Gratiot Ave

Year built

1955

Lot size

0.05 AC

Property size (Sq ft)

2,016 SF

Zone code

B-3

Property type

Retail space

APN

08-14-19-477-024

APU

81419477024

Description

This 2,016 square foot industrial building is located at 25197 Gratiot Avenue in Roseville, Michigan, on a 0.05-acre lot. Priced at $148,000, this property presents a unique opportunity for investors and businesses seeking a high-visibility location. Currently vacant, the building offers immediate occupancy. The property benefits from its position on a high-traffic retail street, ensuring excellent exposure for any business. It's important to note that the building does not have its own dedicated parking lot. The rear parking lot is under separate ownership. However, ample street parking is available on Gratiot Avenue and adjacent side streets. Land contract terms are available, making this an attractive option for buyers with various financial situations. This property is ideal for a business that requires high visibility and can utilize readily available street parking. The building's size and location make it suitable for a variety of uses, subject to city zoning regulations. Serious inquiries are encouraged to explore this promising investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $616,369

  6.5%

  $568,956

  7%

  $528,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,213

  Geo Method

  $475,213

• Alternative Use

  Use

  Valuation

  Residential

  $479,936

  Hospitality

  $439,618

  Educational

  $365,757

  Medical

  $378,336

  Retail

  $568,956

Location Insight

City

Roseville

County

Macomb

State

Michigan

Latitude

42.4809

Longitude

-82.9479

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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