248-416-4882
1528 Gratiot Ave, Detroit, MI for Sale
Restaurant - FOR SALE
1/30
null | Request Cap Rate

1528 Gratiot Ave
Detroit, MI 48207
Lafayette Park


HIGHLIGHTS

  • Eastern Market Location
  • Partially Built Restaurant Space
  • 3 Renovated Loft Apartments (2 Bed & 2 Bath) 1500 Sq Feet
  • Elevator Access
  • Liquor License, Kitchen Equipment and Loft Furniture Available For Purchase
  • Fire Suppression

OVERVIEW

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering. Buyer's agent to verify all information including taxes & measurements. Send all offers in PDF format to Katie Kutscher - Klkwrealestate@gmail.com.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B-4

APN/PARCEL ID

07-000770

ASK ABOUT THIS PROPERTY

Katie KutscherReal Estate One-Royal OakMore Info
248-416-4882

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Katie KutscherReal Estate One-Royal OakMore Info
248-416-4882

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