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    3628 Gratiot Ave Detroit, MI 48207

    For Sale
    $199,000

    Prime location near Eastern Market, Heidelberg Project, and Faygo plant.

    Lot size:
    0.06 Acres

    Property Features for 3628 Gratiot Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1923

    Source: Lambrecht Realty LLC Agent John W Lambrecht Jr

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

    Overview

    Gratiot Avenue Development Opportunity

    This property presents a development opportunity on Gratiot Avenue, situated in the McDougall-Hunt neighborhood, near Eastern Market, the Heidelberg Project, and the original Faygo plant. The building is suitable for a small business, creative studio, artist loft, or mixed-use concept. It features dual entry and exit access points, large bay windows for natural light, a new roof, and two oversized garage doors. The property offers visibility and potential for rooftop activation. Additional adjacent lots are available for purchase.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.025096
    Latitude
    42.362562

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location near Eastern Market, Heidelberg Project, and Faygo plant.
    Where is this mixed-use property located?
    The property is located at 3628 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime location on Gratiot Avenue near Eastern Market, Heidelberg Project, and Faygo plant.; - Ideal for small business, creative studio, artist loft, or mixed-use concept.; - Dual entry/exit access points and two oversized garage doors for flexible use.
    (313) 736-4444
    Request Owner's contact information
    3628 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
    3628 Gratiot Ave Detroit, MI 48207
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