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: | 10/14/2021 |
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 |
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