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24850 Gratiot Ave
Eastpointe, MI 48021
Retail Property For Sale
Investment Highlights
- Two-level retail/office building offering a total of 4,716 SF of flexible, open layout space.
- Recently upgraded with a brand-new roof to minimize future maintenance costs.
- Located along a high-traffic corridor with direct access to I-94 freeway.
- Ceiling heights of 14 feet create adaptability for retail, office, or service-based users.
- Convenient on-site parking for 12 vehicles and a dedicated rear delivery area.
- Surrounded by national and local retailers, ensuring consistent consumer activity.
Executive Summary
This single-tenant retail/office building at 24850 Gratiot Avenue offers a prime opportunity for an owner-occupant or investor seeking a versatile property in a high-traffic corridor. Positioned on one of Macomb County’s major commercial thoroughfares, the asset provides excellent visibility and signage potential, with direct connectivity to I-94 for regional accessibility.
The two-story building spans 4,716 SF, featuring a flexible open floor plan with 14-foot ceiling heights that support a variety of uses such as retail, showroom, or professional office. The second floor adds versatility, with finished space ideal for operational or business customization. Recent improvements, including a newly installed roof, enhance long-term value and reduce near-term capital expenditures.
The property includes parking for 12 vehicles and a rear-area delivery section for efficient service operations. With a dense residential base nearby and strong co-tenancy from regional and national brands such as Kroger, ALDI, Walgreens, and TJ Maxx, the site benefits from a diverse customer demographic and consistent traffic volumes exceeding 40,000 vehicles per day along Gratiot Avenue.
The two-story building spans 4,716 SF, featuring a flexible open floor plan with 14-foot ceiling heights that support a variety of uses such as retail, showroom, or professional office. The second floor adds versatility, with finished space ideal for operational or business customization. Recent improvements, including a newly installed roof, enhance long-term value and reduce near-term capital expenditures.
The property includes parking for 12 vehicles and a rear-area delivery section for efficient service operations. With a dense residential base nearby and strong co-tenancy from regional and national brands such as Kroger, ALDI, Walgreens, and TJ Maxx, the site benefits from a diverse customer demographic and consistent traffic volumes exceeding 40,000 vehicles per day along Gratiot Avenue.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,716 SF
Building Class
C
Year Built/Renovated
1947/2025
Price
$545,000
Price Per SF
$115.56
Tenancy
Single
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.11 AC
Zoning
B3 - Retail
Parking
15 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
40’ on Gratiot Ave
Property Taxes
| Parcel Number | 02-14-30-230-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $178,000 |
Property Taxes
Parcel Number
02-14-30-230-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$178,000
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