66751-66901 Gratiot Ave | Richmond, MI 48062
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
66751-66901 Gratiot Ave
Richmond, MI 48062
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Neighborhood retail center with a diverse mix of complementary essential tenants including Family Farm & Home, Jet's Pizza, and more.
- Strong cash flow with $488K budgeted NOI at current occupancy and staggered lease expirations, providing stability and multiple upside scenarios.
- Upside via long-term stabilization with the opportunity to immediately grow returns via lease-up of the remaining 3,313 SF of vacant space.
- Strategic location at the busy signalized corner of 31 Mile Road and Gratiot Avenue with easy access to I-94 directly off M-3 (Gratiot Avenue).
- Excellent visibility in a high traffic area with vehicle counts of over 18,500 vehicles per day, as well as monument signage at the property entrance.
- Complementary retailers in the immediate area include Kroger, Rite Aid, Jimmy John's, Dollar Tree, CVS, Tropical Smoothie, McDonald's, and more.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
95,722 SF
Building Class
C
Year Built/Renovated
1978/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
11.40 AC
Zoning
B-3 - General Business District
Parking
373 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
911’ on 31 Mile Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 07-06-12-201-021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,464,600 |
PROPERTY TAXES
Parcel Number
07-06-12-201-021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,464,600
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
