Back

1 of 22

2 of 22

3 of 22

4 of 22

5 of 22

6 of 22

7 of 22

8 of 22

9 of 22

10 of 22

11 of 22

12 of 22

13 of 22

14 of 22

15 of 22

16 of 22

17 of 22

18 of 22

19 of 22

20 of 22

21 of 22

22 of 22

23750 Gratiot Ave
Eastpointe, MI 48021

Price Upon Request

Office Residential For Sale • 4,900 SF

Property Details

Property Type Office Residential
Total Building Size 4,900 SF
Lot Size 0.34 AC
Building Class C
Year Built 1969
Tenancy Multiple
Zoning B-3

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Featuring a Two-story 5 units building with total 4890 SQFT
                            
                                 24 parking lots with additional street parking
                            
                                Business Type: Hair Studio, Nail salo
                            
                                100% leased with long term tenant occupied
                            
                                Easy access to I694 and I94, Street sign on Gratiot Ave.
                            
                                NOI: $30,000. Current rent is under market value, expected annually 5-10% increase

Financial Summary (Actual)

Net Operating Income: $30,300 USD (2020)

Total Expenses:

$27,300 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Love That Hair	750 SF	6/1/2023
Matthew Service	200 SF	5/18/2030
Studio Flawless	1,300 SF	8/12/2022
The divas Palace	1,700 SF	6/1/2023
The Next Dimensional Salon	850 SF	6/1/2023

Amenities

Bus Line
Signage

Public Transportation

Airport	Drive	Walk	Distance
Windsor International	47 min	-	22.1 mi
Detroit Metro Wayne County	51 min	-	31.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

23750 Gratiot Ave OFF MARKET Eastpointe, MI 48021 OFF MARKET