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1440 Gratiot Ave 27,657 SF Industrial Building Detroit, MI 48207 $2,750,000 ($99.43/SF)
EXECUTIVE SUMMARY
In a prime location with excellent visibility, this six-story, 27,657-square-foot building on Gratiot Avenue is the perfect property for an adaptive reuse conversion for either creative office space or residential lofts. The current owner has maintained the property and it is development-ready. The open floor plan and high ceilings make this a perfect blank canvas for developers or users looking to be within walking distance of Eastern Market and Downtown Detroit. The 14,000-square-foot parking lot behind the building at 1460 Service Drive is included in the sale. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale.
PROPERTY FACTS
| Price | $2,750,000 | Lot Size | 0.11 AC |
| Price Per SF | $99.43 | Rentable Building Area | 27,657 SF |
| Sale Type | Investment or Owner User | No. Stories | 6 |
| Property Type | Industrial | Year Built | 1922 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price | $2,750,000 |
| Price Per SF | $99.43 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.11 AC |
| Rentable Building Area | 27,657 SF |
| No. Stories | 6 |
| Year Built | 1922 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | B4 |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bobby Detroit LLC
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bobby Detroit LLC | Retailer | - | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 07-000778 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $533,300 |
PROPERTY TAXES
Parcel Number
07-000778
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$533,300
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1440 Gratiot Ave
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