36217 Gratiot Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30044445
Property Subtypes: Restaurant
Building Size (RSF): 14,419 SF
Gross Building Area: See Agent
Gross Land Area: 1.89 Acres
Sale Price: $1,500,000
Unit Price: $104.03 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2017

Overview / Comments

Excellent property on high visibility Gratiot corner. Property includes commercial kitchen, banquet room, upstairs bar and gathering space, two elevators, and other high-end finishes.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $32,307 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 16-11-27-252-040
Zoning: B-3
Property Located Between: S. of 16 Mile Road
Largest Nearby Street: Gratiot & Metropolitan Pkwy
Traffic/Vehicle Count: 63,448
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1977
Roof Type: Other
Construction/Siding: Block, Brick
Total Parking Spaces: 158
Parking Type: Surface
Heat Type: Other
Heat Source: Other
Air Conditioning: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,244 111,673 281,991
Median Age: 38.12 40.86 41.41
Households: 6,639 48,425 119,673
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