Specialty Commercial Property Blank
For Sale
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13537 GRATIOT AVE, Detroit, MI 48205
Investor-focused specialty property at 13537 Gratiot Ave with a restoration-to-repurpose opportunity and known tax capture terms.
Property Size3,850 SF
Price / SF$12.99
Days on Market498
Property Features for 13537 GRATIOT AVE
General Information
Standard status
Active
Size
3,850 SF
Property subtype
Business for Sale
Building Details
Year Built
1939
Listing Agency:
Keller Williams Realty Lakeside
Listed By:
Erick Monzo · License #MI 6502427681
Source:
Crexi
Added: Mar 28, 2025
Changed: Jul 10
Last Checked: Aug 6 at 3:49AM
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 Keller Williams Realty Lakeside
Investment Insights
Based on property information with market context.
This for-sale specialty commercial property is being offered by the Detroit Land Bank Authority as a blank slate for an investor or operator. The current offering emphasizes the opportunity to restore historic character or rework the structure into a modern business space, supported by “solid bones” as noted in the remarks. The property’s intended direction will depend on the purchaser’s renovation plans and approvals.
The asset is located at 13537 Gratiot Ave in Detroit, MI. Prospective purchasers should review the DLBA’s stated policy related to taxation, including that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The remarks further note that the tax capture may be incompatible with other tax abatement that may otherwise be available to the selected purchaser.
If you are considering this property for restoration or adaptive reuse, plan for diligence around potential tax capture impacts and whether any waiver is needed. The DLBA indicates it will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. For investors comfortable underwriting those terms, the property represents a hands-on redevelopment opportunity anchored by the flexibility described in the offering.
The asset is located at 13537 Gratiot Ave in Detroit, MI. Prospective purchasers should review the DLBA’s stated policy related to taxation, including that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The remarks further note that the tax capture may be incompatible with other tax abatement that may otherwise be available to the selected purchaser.
If you are considering this property for restoration or adaptive reuse, plan for diligence around potential tax capture impacts and whether any waiver is needed. The DLBA indicates it will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. For investors comfortable underwriting those terms, the property represents a hands-on redevelopment opportunity anchored by the flexibility described in the offering.
Key Highlights
- Commercial property built in 1939 at 13537 Gratiot Ave
- Investor‑focused specialty property described as a restoration‑to‑repurpose blank slate
- Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years after ownership transfer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Specialty property - Investor-focused specialty property at 13537 Gratiot Ave with a restoration-to-repurpose opportunity and known tax capture terms.
Where is this specialty property located?
The property is located at 13537 GRATIOT AVE Detroit, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Commercial property built in 1939 at 13537 Gratiot Ave; Investor‑focused specialty property described as a restoration‑to‑repurpose blank slate; Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years after ownership transfer
