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    Detroit Drive-Thru Ready Restaurant Title is generated by Realmo AI

    11288 Gratiot Avenue, Detroit, MI 48213

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    Claim this Listing
    For Sale
    Under Contract
    $350,000

    Real Estate Only - Detroit, MI

    Property size:
    2,000 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $175/SF
    Added:
    Aug 2, 2025
    Days on Market:
    315
    Last Refresh:
    Jun 12 at 10:06 am

    Property Features for 11288 Gratiot Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active Under Contract
    APN
    21028799811
    Size
    2,000 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7682

    Building Details

    Year built
    1982
    Architectural style
    Other

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    Listing Contact
    Peter Gojcaj
    Peter Gojcaj

    Listing agent Peter Gojcaj

    Listing office PG Real Estate Group Inc 41000 Woodward Ave Suite 350 East, Troy, MI

    Listing date Aug 2, 2025

    MLS# 20251023452 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Drive‑thru infrastructure already in place.
    • High‑traffic location on Gratiot Avenue with over 30,000 vehicles daily.
    • Excellent visibility and frontage (220 feet) on a 0.54‑acre parcel.
    • Zoned B4 (General Business District) allowing for a wide range of commercial uses.
    • Minutes from I‑94 and downtown Detroit.
    • Ample parking available.

    Overview

    This 2,000 square foot freestanding building is positioned along one of Detroit’s most heavily trafficked commercial corridors. Situated on a 0.54-acre parcel with approximately 220 feet of frontage and ample parking, this property offers outstanding visibility, functionality, and location. The property presents an opportunity for quick-service restaurants, retail users, or professional service operators seeking a high-exposure site with existing drive-thru infrastructure. Zoned B4 (General Business District), the site supports a wide range of commercial uses. The site is minutes from I-94 and downtown Detroit, surrounded by dense residential housing and established businesses. Gratiot Avenue is a major commercial and commuter route with daily traffic counts exceeding 30,000 vehicles, making this location ideal for businesses looking to expand or establish a strong presence in a growing corridor.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $37.2k $18.60
    − Vacancy −$2.0k −$1.00
    EGI $35.2k $17.60
    − OpEx −$8.8k −$4.40
    NOI $26.4k $13.20
    2,000 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $377.0K
    $329.9K – $439.9K (±1% cap)
    NOI $26,393 @ 7.0% cap · market cap 7.54%
    Second Best
    Retail
    $351.9K
    $307.9K – $410.6K (±1% cap)
    NOI $24,634 @ 7.0% cap · market cap 7.04%
    Theoretical Best
    Office A
    $441.2K
    $386.1K – $514.8K (±1% cap)
    NOI $30,885 @ 7.0% cap · market cap 8.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Long John Silver's Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9939503
    Latitude
    42.409567

    FAQs

    What type of property is this?
    Drive through restaurant - 2,000 SF freestanding building with drive-thru on 0.54 acres.
    Where is this drive through restaurant located?
    The property is located at 11288 Gratiot Avenue Detroit, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Drive‑thru infrastructure already in place.; High‑traffic location on Gratiot Avenue with over 30,000 vehicles daily.; Excellent visibility and frontage (220 feet) on a 0.54‑acre parcel.
    More about this property
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