Active
Sale
Retail
Free Standing

24935 Gratiot Ave

24935 Gratiot Ave, Eastpointe, MI 48021

For Sale

$425,000

$59.54/SF

Building Size
7,138 SF
Lot Size
0.3 ac
County
Macomb
Listed
06/10/2026
Updated
06/10/2026
24935 Gratiot Ave
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Overview

Discover the vibrant community surrounding this free standing retail building in Eastpointe, MI. Located in a high-traffic area on Gratiot Avenue, this is an ideal location for retail investors seeking prime visibility. The area offers a diverse mix of established businesses, local eateries, and a strong residential presence, making it a promising investment opportunity. Just moments away, prospective tenants can explore popular attractions such as Eastwood Park, Memorial Park, and Eastbrook Lanes. With its convenient access to major roadways and the surrounding bustling commercial district, this location presents an exciting prospect for retail entrepreneurs.

  • Strong In-Place Cash Flow with Annual 3% Rent Increases Create Built-in NOI Growth Year After Year.
  • Lease Structure is Double Net, with tenant responsible for HVAC, CAM, parking lot, taxes, and insurance.
  • Freestanding 7,138 SF Building on a Main Commercial Corridor that Sits on 0.3-Acre Parcel with Direct Street Frontage on Gratiot Ave Provides Excellent Visibility and Access.
  • Positioned Along One of Metro Detroit’s Most Heavily Traveled Arteries with 44,380+ Vehicles Per Day
  • Over 351,000 residents within 5 miles, supported by solid household incomes ($65K–$77K).
  • Surrounding neighborhoods show consistent consumer activity and demand for retail, food, and event-based services.
  • The property benefits from proximity to Kroger, Aldi, Tim Hortons, Dollar General, Midas, U-Haul, Taco Bell, Checkers, KFC, and more.

Additional Information

City
Eastpointe
State
MI
Zip Code
48021
Secondary Uses
Free Standing
Zoning
MU-1
Zoning Desc.
Neighborhood Mixed Use
Tenant
The Dream Group Banquet Hall Supplies
Call For Offers
Yes
# of Buildings
1
Year Built
1928
Rentable SF
7,138
Tenancy
Single Tenant
Vehicles Per Day
44,380 VPD
Avg. Occupancy
100%
Parcel APN
02-14-30-226-041
Listing ID
fdff8dd1

Parcel & Location