1494 Gratiot Ave - Storefront Retail/Residential FOR SALE


Detroit, MI 48207- Lafayette Park
$600,000 USD
248-227-0182
1494 Gratiot Ave, Detroit, MI for Sale
$600,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

1494 Gratiot Ave
Detroit, MI 48207
Lafayette Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

Commercial

APN/PARCEL ID

07-000771

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.