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247 Northbound Gratiot Ave 3 Unit Apartment Building $189,900 ($63,300/Unit) Mount Clemens, MI 48043
Investment Highlights
- 2,614 SF two-story building with basement and 3-car garage.
- 0.173-acre site with frontage on NB & SB Gratiot and Gallup St.
- Second-floor kitchens and bathrooms already in place.
- Value-add / redevelopment opportunity.
- MU Multi-Use zoning supports redevelopment options.
- Strong potential for multi-family apartment conversion
Executive Summary
Value-add redevelopment opportunity located at 247 NB Gratiot in Mount Clemens, MI. The property consists of a 2,614 SF two-story building with a basement and a 3-car garage on a 0.173-acre site. Previously occupied as a doctor’s office, the layout supports conversion to multi-family use with existing second-floor kitchens and bathrooms, as well as front and rear stairways for tenant access. The asset features separately metered utilities and MU Multi-Use zoning, allowing for flexible repositioning. Offered at $189,900 ($72.65/SF), the property is well suited for investors or developers seeking a renovation project with strong residential conversion potential. Cash sale terms
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Tenant Controlled HVAC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-11-11-433-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $101,900 |
Property Taxes
Parcel Number
05-11-11-433-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$101,900
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247 Northbound Gratiot Ave
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