Log In/Sign Up
Your email has been sent.
Turnkey Former Chase Bank | Main Thoroughfare 30730 Groesbeck Hwy 5,996 SF Vacant Retail Building Online Auction Sale Roseville, MI 48066
Investment Highlights
- Vacant former Chase Bank property presenting an excellent repositioning opportunity, located in a suburb just northeast of Downtown Detroit.
- Highly visible location surrounded by a wealth of retailers including Old School Deli, Walgreens, China King, and more within a quick drive.
- Within a 5-mile radius, this area boasts a significant population and annual spending surpassing $3.56 billion highlighting its appeal to buyers.
- Benefiting from a key location along Groesbeck Highway, a highly trafficked connector seeing over 37,000 vehicles per day.
- Zoning allows for a wide array of potential users perfect for investors seeking a cash-flowing space or owner/users.
Executive Summary
Investors and owner/users will delight in the chance to acquire this former Chase Bank location in the suburbs northeast of Downtown Detroit.
30730 Groesbeck Highway offers buyers a move-in ready property that’s primed for new ventures. Spanning 5,996 square feet on a single level, owners can make full use of the available space. The exterior features straightforward brickwork with tall windows, creating a low-maintenance look and bringing in plenty of natural light. Branding is visible on the building, and the covered entrance adds to its attractiveness. Built in 1994, this site has served the community for years. Set on a 1.64-acre lot, there’s generous parking for both patrons and staff. With B4 zoning, the property provides significant flexibility for future purposes. Detroit’s B4 General Business District covers roughly 79% of the city’s commercial corridors and enables intensive commercial, office, and mixed-use development, including potential residential integration. Permitted uses are retail, office space, service businesses, hotels, and, when conditions are met, residential units within mixed-use projects. Buyers can either run their own business here or lease it at competitive rates. This location boasts strong potential for a variety of commercial opportunities.
Situated within the Detroit MSA, this location offers businesses and investors excellent opportunities. Groesbeck Highway serves as a key commercial corridor linking downtown to the suburbs. The presence of numerous nearby businesses and retailers adds to its attractiveness. Interstates 94 and 696 provide quick and convenient connections across the city.
Detroit serves as an excellent hub for businesses and investors seeking new opportunities. Known as the Motor City, Detroit is expanding beyond the automotive sector into a variety of industries. As a major economic and cultural center in the Midwest, it offers numerous advantages. The city hosts many prominent companies across diverse fields, making it a prime spot for investment. General Motors, Ford Motor Company, and Stellantis (formerly Fiat Chrysler Automobiles) all have their headquarters here. Additionally, finance and insurance are well represented with firms like Quicken Loans (Rocket Companies), Comerica Bank, and Blue Cross Blue Shield of Michigan.
Property tours are available by appointment only. Please contact the listing broker to schedule.
30730 Groesbeck Highway offers buyers a move-in ready property that’s primed for new ventures. Spanning 5,996 square feet on a single level, owners can make full use of the available space. The exterior features straightforward brickwork with tall windows, creating a low-maintenance look and bringing in plenty of natural light. Branding is visible on the building, and the covered entrance adds to its attractiveness. Built in 1994, this site has served the community for years. Set on a 1.64-acre lot, there’s generous parking for both patrons and staff. With B4 zoning, the property provides significant flexibility for future purposes. Detroit’s B4 General Business District covers roughly 79% of the city’s commercial corridors and enables intensive commercial, office, and mixed-use development, including potential residential integration. Permitted uses are retail, office space, service businesses, hotels, and, when conditions are met, residential units within mixed-use projects. Buyers can either run their own business here or lease it at competitive rates. This location boasts strong potential for a variety of commercial opportunities.
Situated within the Detroit MSA, this location offers businesses and investors excellent opportunities. Groesbeck Highway serves as a key commercial corridor linking downtown to the suburbs. The presence of numerous nearby businesses and retailers adds to its attractiveness. Interstates 94 and 696 provide quick and convenient connections across the city.
Detroit serves as an excellent hub for businesses and investors seeking new opportunities. Known as the Motor City, Detroit is expanding beyond the automotive sector into a variety of industries. As a major economic and cultural center in the Midwest, it offers numerous advantages. The city hosts many prominent companies across diverse fields, making it a prime spot for investment. General Motors, Ford Motor Company, and Stellantis (formerly Fiat Chrysler Automobiles) all have their headquarters here. Additionally, finance and insurance are well represented with firms like Quicken Loans (Rocket Companies), Comerica Bank, and Blue Cross Blue Shield of Michigan.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Size
5,996 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.64 AC
Parcel Number
08-14-08-103-006
Zoning
B4 - Commercial
Parking
35 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
172’ on Groesbeck Hwy
Amenities
- Signage
- Drive Thru
About Macomb East
Located along the shores of Lake St. Clair, the communities that make up the eastern portion of Macomb County are diverse, appealing to a wide range of retailers. The area is serviced by interstates 696 and 94, which allow for quick travel times to Downtown Detroit of around 15 minutes. Major arterial roadways such as Gratiot Avenue and Groesback Highway connect the densely populated urban communities to the south with the more suburban and rural communities to the north and serve as primary commercial corridors.
Macomb County features a robust economy, anchored by the presence of Detroit’s Big Three. Ford, GM, and Fiat Chrysler all maintain a significant presence in the area, with roughly 40,000 combined employees, and drive a substantial portion of traffic and retail demand in the area. As such, several major shopping centers are spread throughout these communities that make up the eastern portion of Macomb County. Most notably, The Mall at Partridge East, Macomb Mall, and Eastland Center combine for more than 2 million square feet of retail space, helping this area boast one of the largest concentrations of retail in the Detroit metro.
The area’s convenient proximity to Downtown Detroit, presence of major employers, and wide array of retailers are some of the many reasons residents continue to be attracted to the eastern Macomb County communities. In turn, retailers and investors alike benefit from a growing and diverse population.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
14,957
126,538
308,202
2020 Population
15,273
129,556
314,421
2029 Population
14,769
124,896
304,416
2024-2029 Projected Population Growth
-1.3%
-1.3%
-1.2%
Daytime Employees
6,961
45,415
130,598
Total Businesses
566
5,414
13,139
Average Household Income
$60,504
$76,081
$76,506
Median Household Income
$50,254
$60,286
$61,376
Total Consumer Spending
$157.1M
$1.5B
$3.6B
Median Age
40.7
41.7
41.4
2024 Households
6,559
53,689
128,532
Percent College Degree or Above
11%
13%
13%
Average Home Value
$161,702
$168,909
$181,837
Nearby Major Retailers
Sale Advisors
Sale Advisors
John Van Noord, Director
John began his career with Signature in 2018 as a summer intern working with our Property Management Division, which provided a great foundation for his career in brokerage. Mentored by Dave Miller, John assists in managing the leasing needs of two premier office projects, Columbia Center and Oakland Towne Square. John graduated in 2018 from Calvin College with a bachelor’s degree in Organizational Communications, which focuses on sales as it relates to business. Since growing up in a real estate family, and coupled with being a successful high-level golfer, John has established a hard-working, competitive mentality that drives him to continually go above and beyond for his clients.
Garrett Keais, Executive Managing Director
Garrett has over 25 years of experience in real estate including managing real estate portfolios for multi-billion dollar financial institutions. Prior to joining Cushman & Wakefield, Garrett was a Principal at Signature Associates where he was a top producer for several years. His multifaceted qualifications enable him to successfully represent his clients in their real estate needs. Garrett’s work ethic, commitment, and personal integrity are fundamentals in each of his transactions and serve his clients well.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Turnkey Former Chase Bank | Main Thoroughfare | 30730 Groesbeck Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.