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    1400-1404 Gratiot Ave Detroit, MI 48207

    For Sale
    Contact for pricing

    Five-story, 19,430 SF office building in Detroit's Eastern Market.

    Property size:
    19,430 SF
    Lot size:
    0.09 Acres

    Property Features for 1400-1404 Gratiot Ave

    General Information

    Size
    19,430 SF
    Lot size
    0.09 Acres

    Source: NAI Farbman - Corporate Agent Wendy Acho

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Office Building For Sale

    This five-story office building, encompassing approximately 19,430 square feet, is situated in the Eastern Market area of Detroit, Michigan. Located at the southeast corner of Gratiot Avenue and Russell Street, it serves as a gateway to Eastern Market. The building is located within a General Business District (B4) and a Qualified Opportunity Zone (QOZ). The property has received approximately $1.50 million in capital upgrades from 2020 through 2025. The building is currently 20% occupied and is walkable to local dining, sports, and entertainment districts.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.037832
    Latitude
    42.34414

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    FAQs

    What type of property is this?
    Office building - Five-story, 19,430 SF office building in Detroit's Eastern Market.
    Where is this office building located?
    The property is located at 1400-1404 Gratiot Ave Detroit, MI.
    What are key features of this property?
    This property features: - ±$1.50 MM in Capital Upgrades (2020-2025); - Located in Qualified Opportunity Zone (QOZ); - Prime Location: Gateway to Eastern Market at Gratiot Ave and Russell St.
    (248) 563-0739
    Request Owner's contact information
    1400-1404 Gratiot Ave Detroit, MI 48207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400-1404 Gratiot Ave Detroit, MI 48207
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