11288 Gratiot Avenue, Detroit, MI 48213
Real Estate Only - Detroit, MI
- 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
Listing agent Peter Gojcaj (248) 509-8950
Listing office PG Real Estate Group Inc 41000 Woodward Ave Suite 350 East, Troy, MI (248) 509-8950
Listing date Aug 2, 2025
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9939503
- Latitude
- 42.409567