2220 Gratiot Ave - Storefront FOR SALE


Detroit, MI 48207
$1,200,000 USD
313-704-2678
2220 Gratiot Ave, Detroit, MI for Sale
$1,200,000 USD
Storefront - FOR SALE
1/26
null | Request Cap Rate

2220 Gratiot Ave
Detroit, MI 48207


OVERVIEW

Fully renovated in 2023, 2220 Gratiot is a creatively designed, 4,835-square-foot example of historic preservation, impeccable craftsmanship, and great attention to detail. Three separate units boast soaring ceilings, (sealed) exposed brick walls, and finished concrete floors and new flooring, as well as all-new building mechanicals. The building is composed of retail space and a pristine workshop on the ground floor. The upper unit offers great views of Eastern Market and downtown and could be used as an event space, creative office, or residential condo unit with the ability to add a rooftop patio. Ten onsite and secure parking spaces are included in the sale, and additional Gratiot lots (2240, 2260, and 2270 Gratiot) could be purchased as a package. Building upgrades: Masonry, Flooring, Roof, Drywall, Flooring & tile, Paint, Brick coated and sealed, Furnaces, AC Units, Electrical Plumbing, Windows & Doors, Security System, Lighting, Steel staircase, Restrooms

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

B4

APN/PARCEL ID

09-001282,09-001283,09-001284

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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