Individually Owned Property summary
The property is a mixed-use building containing four units: three residential loft units and one ground-floor retail unit. Each loft is configured as a two-bedroom, two-bathroom layout and is served by an elevator. Building features common to the interior include high ceilings, original timber beams, large windows, and exposed brick, and the building provides rooftop access. Additional lower-level space is present and is served by a dumbwaiter. The ground-floor retail area includes a large storefront and a fully equipped commercial kitchen, supporting uses such as restaurant, bar, café, or gallery, and it includes a liquor license. The building is located at 1528 Gratiot Avenue in Detroit’s Eastern Market area, within walking distance of Eastern Market shops and restaurants, with convenient access to major highways.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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