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Gratiot Avenue Mixed-Use Building
For Sale
$248,000

10195 Gratiot Ave, Detroit, MI 48213

Mixed-use building with retail and apartments on Gratiot Avenue.

Property Size7,236 SF
Lot Size0.11 Acres
Days on Market165

Property Features for 10195 Gratiot Ave

General Information

Standard status Active
Size 7,236 SF
Lot size 0.11 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,009

Building Details

Building Size 7,236 SF
Year Built 1927
Units 7
Listing Agency: Traditions 21 - A Real Estate Co, LLC
Listed By: Patricia A Hespel Salvato
Source: Elliman
Added: Mar 10 Changed: Aug 14 Last Checked: Aug 20 at 10:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Traditions 21 - A Real Estate Co, LLC

Investment Insights

Based on property information with market context.

This mixed-use building features both retail and residential spaces. The property includes three retail units on the first floor and four apartments on the second floor. A newer roof has been installed on the back of the property. The building is situated in a location on Gratiot Avenue, near the City Airport and I-94, in an area experiencing regrowth. Easy land contract terms are available.

Key Highlights

  • Commercial building featuring 3 retail spaces and 4 apartments.
  • Prime location on Gratiot Ave, conveniently close to City Airport and I‑94.
  • Easy Land Contract Terms Available.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby

Demographics for 48213, MI

19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with retail and apartments on Gratiot Avenue.
Where is this mixed-use property located?
The property is located at 10195 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Commercial building featuring 3 retail spaces and 4 apartments.; Prime location on Gratiot Ave, conveniently close to City Airport and I‑94.; Easy Land Contract Terms Available.
More about this property
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