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Storefront Retail Space
For Sale
$49,900

15390 GRATIOT, Detroit, MI 48205

Established for over 50 years, this storefront retail business operates in a high-demand commercial area.

Property Size2,200 SF
Price / SF$22.68
Days on Market837

Property Features for 15390 GRATIOT

General Information

Standard status Active
Size 2,200 SF
Property subtype Industrial

Additional Details

Business Included Yes

Amenities

3
Asphalt
Commercial
35.00X113.00
Paved Road.

Building Details

Year Built 1919
Listing Agency:
Listed By: Keller Williams Paint Creek
Source: Xome
Added: Apr 23, 2024 Changed: Jul 31 Last Checked: Aug 6 at 4:28AM

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 Paint Creek

Investment Insights

Based on property information with market context.

This listing is for a business operating from a storefront retail space. The business has been established for over 50 years. Remarks indicate the operation is turnkey, with inventory included as part of the business offering.

The property is located at 15390 Gratiot in Detroit, MI 48205. The site is described as commercial, with asphalt and a paved road approach. Exterior dimensions are listed as 35.00 x 113.00, and the property was built in 1919.

The surrounding area is described as a high-demand location with national chains across the street, supporting walk-in retail traffic for an owner/operator setup.

Key Highlights

  • Business established for over 50 years
  • Turnkey business operating from a storefront retail space
  • Commercial site with asphalt and paved road

Property Analytics

Current Use

Chin's Wig Shop Clothing & Fashion Store Title Loans Detroit ... Loan Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Big Box & Wholesale Store

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

489
Businesses Nearby
144k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 47% Dining 31% Groceries 11% Electronics 6%
Dollar Tree Shops & Services
16,972 visits/mo 0.3 miles
Aldi Groceries
15,887 visits/mo 0.1 miles
White Castle Dining
13,359 visits/mo 0.1 miles
BP Shops & Services
12,854 visits/mo 0.2 miles
Burger King Dining
10,456 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Established for over 50 years, this storefront retail business operates in a high-demand commercial area.
Where is this storefront property located?
The property is located at 15390 GRATIOT Detroit, MI.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: Business established for over 50 years; Turnkey business operating from a storefront retail space; Commercial site with asphalt and paved road
More about this property
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