1486 Gratiot Ave - Storefront FOR SALE


Detroit, MI 48207- Lafayette Park
$1,200,000 USD
248-227-0182
1486 Gratiot Ave, Detroit, MI for Sale
$1,200,000 USD
Storefront - FOR SALE
1/10
null | 11.43% Cap Rate

1486 Gratiot Ave
Detroit, MI 48207
Lafayette Park


OVERVIEW

This two-story, 9,428-square-foot mixed-use building near Eastern Market is fully occupied by Flowers for Dreams (5,395 SF) and Handcar (4,033SF). Featuring a distinctive façade and interior courtyard, the property has benefited from significant ownership investment in MEP systems and exterior improvements. Within walking distance of Eastern Market and Downtown Detroit, it offers investors a stable, cash-flowing asset. 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

11.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

714 SF

ZONING

B4

APN/PARCEL ID

07-000772

ASK ABOUT THIS PROPERTY

Sloane WalshO'Connor Real EstateMore Info
248-227-0182

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Sloane WalshO'Connor Real EstateMore Info
248-227-0182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.