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33654847
33654860

24450 Gratiot Avenue, Eastpointe, MI 48021

Brookstone, Realtors LLC
Listed by Brookstone, Realtors LLC
$200,000
308 days on market
Updated 15 days ago

24450 Gratiot Avenue

Details
APN 1430277050
Property Type Business for Sale, Mixed Use
Sub Type Business and Building
Square Footage 2,260
NOI $24,000
Year Built 1946
Acreage 0.180

Business for Sale | 2,260 SqFt

Marketing description

Don’t miss this unique 2,260 sq ft mixed-use building offering both residential and commercial income potential. Upstairs is zoned residential and features a spacious 1,160 sq ft two-bedroom, one-bath apartment with a laundry area and 150-amp service. Downstairs is zoned commercial and includes approximately 1,100 sq ft of space with a handicapped accessible half bath and 200-amp service. The property offers off-street parking for at least six vehicles along with a new retaining wall. Recent updates include a new roof, heated gutters, furnace, electrical panel, and flooring. Situated in a prime high-traffic location directly across from Cloverleaf Pizzeria, this property provides excellent visibility and strong potential for rental income or an owner-occupant business. Live upstairs and work downstairs, or lease both units for diverse income opportunities.
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Listing Contacts

Brookstone, Realtors LLC
Listed by Brookstone, Realtors LLC

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Loan Amount
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$24,000.00
$2,000.00/mo

Valuation Metrics

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DSCR
12%
Cap Rate
12%
ROI

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Zoning

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MU-3 MixedMixed UseRegional Mixed Use
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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