1528 Gratiot Ave Detroit, MI 48207
Mixed-use property in Detroit's Eastern Market with income potential.
Lot size:
0.04 AcresProperty Features for 1528 Gratiot Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.04 Acres
Building Details
- Year built
- 1907
Source:
Elliman
Listing Agent: Katherine Kutscher
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Eastern Market Mixed-Use Opportunity
This mixed-use property is located in Detroit's Eastern Market area. The building includes four units: three residential lofts, each featuring two bedrooms and two bathrooms, accessible by elevator, and a ground-floor retail space with a liquor license. The lofts are currently operated as Airbnb rentals, providing income potential. The ground-floor retail space is suitable for a restaurant, bar, café, or gallery. The building is in excellent, well-maintained condition, and showcases architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space has a large storefront and a fully equipped commercial kitchen. The lower level offers additional creative space, suitable for a speakeasy, enhanced by a dumbwaiter. Rooftop access is available. The building is within walking distance of Eastern Market's shops and restaurants, with convenient access to major highways. The property offers revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available.
Location Intelligence
Current Use by Public Records
Casings & Twine
Restaurant
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0369655
- Latitude
- 42.3454017
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Detroit's Eastern Market with income potential.
Where is this mixed-use property located?
The property is located at 1528 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: - Prime location in Detroit's Eastern Market area with high foot traffic.; - Mixed-use property with three fully furnished residential lofts currently operating as successful Airbnb rentals offering immediate income potential.; - Ground-floor retail space with a valuable liquor license and fully equipped commercial kitchen, ideal for a restaurant, bar, or cafe.
