$197,000

311 Gratiot

Mount Clemens MI, 48043

Description

**Excellent Income Opportunity! 2200 Sq Ft Mixed-Use Retail/Office Building with 4 UNITS located on Southbound Gratiot. CORNER LOT WITH GREAT EXPOSURE!! Next to the Clinton River. ALL 4 UNITS ARE CURRENTLY LEASED FOR 1 YEAR; $2375 MONTHLY NET INCOME. 10% Cap rate. Next to the Clinton River!! 10 Parking spaces. Hip Roof. Large lot behind building included. Excellent space for Accountant, Financial Planner or Attorney. Close to county/court buildings & Downtown. Cash, Loan or 1031 Exchange.

Details

MLS#50004257
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1983
Days On Site71

Features

SQ Feet2,200
Story(s)1
ZoningCommercial,Mixed Use,Professiona

Market Activity 48043

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Area Information

StateMI
CountyMacomb
CityMount Clemens
Zip Code48043
AreaMt Clemens (50013)
Listing VS Median (in 48043)
Price:
$197,000
low | high
Med:
$115,000
91.624365482234% of Average
SqFt:
2,200
low | high
Med:
2,937
16.5% of Average
$ / SqFt:
$90
low | high
Med:
$39
100% of Average
On Site:
71
low | high
Med:
204
34.803921568627% of Average
Listing Updated: 04/04/2020
MLS Number: 50004257
Listing Provided By:
William Adlhoch  of  Adlhoch Associates REALTORS
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MiRealSource MLS.