1432 Gratiot Ave - Storefront Retail/Residential FOR SALE


Detroit, MI 48207
$650,000 USD
313-974-1830
1432 Gratiot Ave, Detroit, MI for Sale
$650,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | 12.31% Cap Rate

1432 Gratiot Ave
Detroit, MI 48207


HIGHLIGHTS

  • Heavy Traffic in Eastern Market/Downtown
  • Natural Light Historic Loft Style Units
  • Historic Tin Ceilings

OVERVIEW

Here is a superbly located historic 4 unit commercial building in the Eastern Market on Gratiot. This gem features Four units that have last been used as apartments. This is a great value add opportunity to add to your existing portfolio. The Two units on the Second floor a loft style with exposed brick, hardwood floors and great lighting. The Two units on the First floor were historically storefronts with the original tin ceilings that were converted to apartments with full basements. You could add your business to the First floor or keep them as apartments. This property has been kept in great condition and is ready for a new buyer to come in and get a great return on their investment. Income is projected. Property sold AS IS BATVAI

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

12.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,265 SF

ZONING

PD

APN/PARCEL ID

07-000779

ASK ABOUT THIS PROPERTY

Alex LauerClyde Realty, LLCMore Info
313-974-1830

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Alex LauerClyde Realty, LLCMore Info
313-974-1830

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