What is the asking price for In-Place Cash Flow | Banquet Hall Supplies | Detroit MSA?

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What is the total size of In-Place Cash Flow | Banquet Hall Supplies | Detroit MSA?

The property has a total square footage of 7,138 SF.

How many parking spaces are available at In-Place Cash Flow | Banquet Hall Supplies | Detroit MSA?

Parking information for the property isn't currently listed. However, other nearby parking options include Cole South Parking Deck, located 4.70 miles away , and Cole North Parking Deck, which is 4.88 miles away.

24935 Gratiot Ave, Eastpointe, MI 48021

For Sale Contact for pricing
Property Type Retail - Free Standing Bldg
Property Size 7,138 SF
Lot Size 0.3 Acre
Date Updated May 12, 2026
Visibility/Traffic Count (VPD) 44,380

Description

Investment Highlights:

Freestanding ±7,138 SF single-tenant retail building: on a ±0.30-acre parcel with direct frontage along Gratiot Avenue
Double Net (NN) lease: with tenant responsible for taxes, insurance, CAM, HVAC, and parking lot; landlord responsible for roof and structure
Annual 3% rent escalations: providing built-in income growth
High-visibility location: along a primary Metro Detroit arterial with approximately 44,380 vehicles per day
Dense surrounding population: with more than 351,000 residents within five miles and solid household incomes
Strong retail corridor: anchored by national and regional tenants including Kroger, Aldi, Tim Hortons, Taco Bell, and KFC

Offering Summary:

APEX Commercial Real Estate Advisor presents an opportunity to acquire a freestanding, single-tenant net-leased commercial property located at 24935 Gratiot Avenue in Eastpointe, Michigan. The ±7,138 square foot building sits on approximately ±0.30 acres along one of the region’s most heavily trafficked commercial corridors.

The property is leased under a double net lease structure featuring annual 3% rent escalations and multiple renewal options, providing investors with durable cash flow and built-in income growth. Tenant responsibilities include HVAC, common area maintenance, parking lot maintenance, taxes, and insurance, limiting ongoing ownership obligations.

Surrounding demographics and traffic fundamentals are strong, with over 350,000 residents within five miles and daily traffic counts exceeding 44,000 vehicles. The immediate trade area is well-established and anchored by a mix of national retailers, service-oriented businesses, and quick-service restaurants.

With its combination of passive lease structure, strong visibility, dense population base, and specialized event-use tenancy, the property represents a stable single-tenant retail investment with both income durability and long-term optionality.

Auctioneer: Jerry Helmer c/o Fisher Auction Company Inc. License: 6504064915