Catylist ID:
#30507832
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: | 7/21/2021 |
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 |
| Zoning: | B-2 LOCAL BUSINESS & RESIDENTIAL |
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 |
| © Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
