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    1486 Gratiot Ave Detroit, MI 48207

    For Sale
    $1,200,000

    Two-story, fully occupied mixed-use building near Eastern Market.

    Lot size:
    0.16 Acres

    Property Features for 1486 Gratiot Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1950

    Source: O'Connor Realty Detroit, LLC Agent Sloane Walsh

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

    Overview

    Mixed-Use Building Near Eastern Market

    This two-story mixed-use building offers 9,428 square feet of space and is located near Eastern Market. The property is fully occupied by Flowers for Dreams, which occupies 5,395 square feet, and Handcar, which occupies 4,033 square feet. The building features a distinctive facade and an interior courtyard. Significant ownership investment has been made in MEP systems and exterior improvements. The property is within walking distance of Eastern Market and Downtown Detroit. This property is part of a collection of real estate offered by a single owner in Eastern Market and can be purchased individually or in multiples.
    Insight Report Location Intelligence

    Current Use by Public Records

    TransLove Energies Live Music Venue

    Suggested Use

    Law Firm Restaurant 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
    -83.0376571
    Latitude
    42.3445753

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story, fully occupied mixed-use building near Eastern Market.
    Where is this mixed-use property located?
    The property is located at 1486 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Fully occupied mixed-use building with two established tenants: Flowers for Dreams and Handcar.; - Located near Eastern Market and Downtown Detroit, offering high visibility and accessibility.; - Significant ownership investment in MEP systems and exterior improvements.
    (313) 963-9891
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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
    1486 Gratiot Ave Detroit, MI 48207
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