1461-1473 Gratiot Ave, Detroit, MI 48207
Three-story retail building just off I-75 in Eastern Market, offering flexible space for storefront concepts.
- Added:
- Jun 2, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 11 at 4:12 am
Property Features for 1461-1473 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 10,264 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1915
Listing agent Christopher J. Monsour (248) 948-0107
Listing office Signature Associates - Southfield (248) 948-0107
Listing date Jun 2, 2026
Source Cpix.resimplifi
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All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates - Southfield
HighLights
- 3‑story retail building located just off I‑75 in Eastern Market
- Year built: 1915
Overview
Located on Gratiot Ave in Detroit’s Eastern Market area, the building sits just off I-75, providing convenient vehicular access for customers and tenants. The listing highlights its placement in a well-known commercial corridor.
This configuration can work for operators looking for retail presence in a multi-level format, whether for a single flagship concept or multiple storefront tenants. As a for-sale investment, it also appeals to buyers seeking a straightforward retail building opportunity in a defined market location with direct freeway adjacency.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.9k | $18.60 |
| − Vacancy | −$10.3k | −$1.00 |
| EGI | $180.6k | $17.60 |
| − OpEx | −$54.2k | −$5.28 |
| NOI | $126.4k | $12.32 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Flowers for Dreams — 1490 Gratiot Ave, Detroit, MI 48207
- Sweet Ambiance Events — 1442 Brush St, Detroit, MI 48226
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0380165
- Latitude
- 42.3450198
