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1494 Gratiot Ave 2,930 SF 100% Leased Retail Building Detroit, MI 48207 $600,000 ($204.78/SF)
EXECUTIVE SUMMARY
Located on a prime, highly visible corner of Gratiot’s commercial corridor, this two-story, 2,930-square-foot mixed-use building is the perfect investment property. The property is fully occupied and anchored by neighborhood staple, La Ventana Cafe. Ownership has invested significantly into the building’s MEP systems as well as the distinctive facade. This opportunity provides investors with a stable, cash flowing asset within walking distance of Eastern Market and Downtown Detroit. 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
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,930 SF
Building Class
C
Year Built
1918
Price
$600,000
Price Per SF
$204.78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.24
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Frontage
44’ on Gratiot Ave
AMENITIES
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-000771 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,800 |
PROPERTY TAXES
Parcel Number
07-000771
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,800
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1494 Gratiot Ave
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