1528 Gratiot Avenue

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30827161
Property Subtypes: Mixed Use
Building Size (RSF): 7,248 SF
Gross Building Area: See Agent
Gross Land Area: 0.04 Acres
Sale Price: $1,950,000
Unit Price: $269.04 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,248 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/25/2023

Overview / Comments

- 1st Floor and lower level restaurant
- Liquor license available
- City approved floor plans
- (3) 2 bedroom apartments, all with high level finishes
- Ultimate location
- Excellent views

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $10,693 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 071000770
Zoning: B-4
Property Located Between: Jay St.
Traffic/Vehicle Count: 29,138
Number of Stories: 4
Year Built: 1907
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Brick
Parking Description: Street Parking
Sprinklers: Other
Heat Source: Other
Air Conditioning: Other
Lot Frontage: 48
Lot Depth: 36

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,847 103,631 302,118
Median Age: 42.37 39.35 35.24
Households: 10,522 48,537 117,877

Contact

Photograph of Listing Agent

Christopher J. Monsour

Signature Associates CPIX Member
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