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    1440 Gratiot Ave Detroit, MI 48207

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    For Sale
    $2,750,000

    Six-story, 27,657 SF warehouse suitable for redevelopment.

    Lot size:
    0.11 Acres

    Property Features for 1440 Gratiot Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1922

    Source: O'Connor Realty Detroit, LLC Agent Vincent Mazzola

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

    Overview

    Gratiot Avenue Warehouse for Sale

    Located on Gratiot Avenue, this six-story warehouse encompasses 27,657 square feet. The property is suitable for an adaptive reuse conversion into creative office space or residential lofts. The current owner has maintained the property, and it is development-ready. The open floor plan and high ceilings provide a blank canvas for developers or users. The property is located within walking distance of Eastern Market and Downtown Detroit. A 14,000-square-foot parking lot behind the building at 1460 Service Drive is included in the sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    Creative space

    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.

    Similar Places Nearby

    Your Personal Vault, Your Personal Vault, Eastern Market Cold Storage Co, Egro-Stroh, Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0380497
    Latitude
    42.344006

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    FAQs

    What type of property is this?
    Warehouse - Six-story, 27,657 SF warehouse suitable for redevelopment.
    Where is this warehouse located?
    The property is located at 1440 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Prime location on Gratiot Avenue with excellent visibility.; - 27,657 sq ft, six-story warehouse suitable for adaptive reuse (creative office or residential lofts).; - Development-ready condition due to owner maintenance.
    (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
    1440 Gratiot Ave Detroit, MI 48207
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