Retail/Medical Space for Sale or Lease - Detroit

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30434261
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 18,700 SF
Gross Land Area: 1.32 Acres
Sale Price: $1,200,000
Unit Price: $64.17 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/21/2020

Overview / Comments

For Sale or Lease. Possible redevelopment opportunity available with 1000’ of frontage on Gratiot Avenue. Current spaces are Great move-in ready medical spaces that could be conjoined to fit user’s needs. This is an opportunity to join a successful dentistry practice in neighboring space within the building. Located directly across from Detroit Police 9th Precinct, this location offers excellent visibility from Gratiot and ample parking. Landlord is in the process of renovating the buildings exterior.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 210288136
Retail Clientele: General
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,622 177,822 455,367
Median Age: 33.64 31.85 35.5
Households: 5,635 59,646 173,607


Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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