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    2003 Gratiot Ave Detroit, MI 48207

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    For Sale
    $675,000

    Highly visible land parcel ideal for mixed-use or residential development.

    Lot size:
    0.52 Acres

    Property Features for 2003 Gratiot Ave

    General Information

    Lot size
    0.52 Acres

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

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

    Overview

    Land Parcel in Eastern Market

    Located in Eastern Market along Gratiot Avenue, this land parcel is surrounded by creative studios and small business hubs. The location is suitable for mixed-use or residential infill development, as the neighborhood has become a destination for design-forward projects and locally rooted investment. The parcel offers access to Downtown and I-75. It can be sold as a package with the building at 2000 Division Street. This is part of a collection of properties for sale in and around Eastern Market. The properties can be purchased individually or in multiples.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0349573
    Latitude
    42.3489955

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    FAQs

    What type of property is this?
    Land - Highly visible land parcel ideal for mixed-use or residential development.
    Where is this land located?
    The property is located at 2003 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Highly visible land parcel in Eastern Market.; - Ideal location for mixed-use or residential infill development.; - Easy access to Downtown and I-75.
    (313) 963-9891
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    2003 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
    2003 Gratiot Ave Detroit, MI 48207
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