Listed by Community Choice Realty
$550,000
209 Northbound Gratiot Avenue, Mt. Clemens, Michigan 48043
Details
APN 1111477021
Property Type Land
Sub Type Commercial
Square Footage 5,529
Cap Rate 8.80%
NOI $50,000
Occupancy 100%
Tenancy Multi
Price per SqFt $99
Year Built 1987
Acreage 0.550
Busy center with access to both sides of Gratiot
Marketing description
Fantastic opportunity to acquire a strong investment property in one of the highest-traffic corridors in the state.
Metro by T-Mobile is a national tenant with more than 15 years of continuous operation at this location, demonstrating long-term stability. EZ Go Golf Carts also has a well-established presence and remains a reliable tenant.
Investment highlights
Fantastic opportunity to acquire a strong investment property in one of the highest-traffic corridors in the state. Metro by T-Mobile is a national tenant with more than 15 years of continuous operation at this location, demonstrating long-term stability. EZ Go Golf Carts also has a well-established presence and remains a reliable tenant.
Listing Contacts
Listed by Community Choice Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,000.00
$4,166.67/mo
Valuation Metrics
0
DSCR
9.09%
Cap Rate
9.09%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
