Mixed Use Investment Opportunity

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30507832
Property Subtypes: Mixed Use, Other
Building Size (RSF): 13,317 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2022

Overview / Comments

Mixed-use Investment Opportunity on Gratiot Avenue, within blocks from the Heidelberg Project, Eastern Market, and Downtown! The site neighbors a new mixed-use development on Mack Ave. Seller began renovating the building for a 1st floor retail / 2nd floor residential apartments; Seller is willing to complete project for new owner. Ludden home is renting for $140/night on Airbnb. Excess land on Elmwood could be used for parking.

Building 1: 12,000 SF
Building 2: 1,317 SF

Building 1 Layout: 1st Floor Retail, Office, Entertainment
2nd Floor Residential, Office, Entertainment

Building 2 Layout: 2 Story Residential - 3 Bedrooms, 1.5 Baths

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 13001809-10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,657 119,740 338,483
Median Age: 41.4 37.76 35
Households: 6,116 52,904 130,301


Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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