15391 GRATIOT AVE, Detroit, MI 48205
Well-maintained brick retail building with a roof sign lease generating annual income and helping offset building taxes.
- Added:
- Apr 27, 2021
- Days on Market:
- 1882
- Last Refresh:
- Jun 20 at 8:52 am
Property Features for 15391 GRATIOT AVE
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Business for Sale, Retail, Mixed Use
Building Details
- Year Built
- 1948
Listing agent John Kurczak License #MI 6501258219
Listing office KW Commercial Warren/Sterling Heights (248) 649-7200
Listing date Apr 27, 2021
Source Crexi
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 KW Commercial Warren/Sterling Heights
HighLights
- Well‑maintained brick retail building built in 1948
- Roof sign lease with a sign company paying $6,000 per year
- Lease generates income and helps offset building taxes
- Building includes 2,200 ft² up and 2,200 ft² down
- Option to include business and inventory, including $200,000 in inventory
- Alternative option to buy the building for $299,900 (MLS #2210029397)
Overview
Located at 15391 Gratiot Ave in Detroit, the property is described as being in a high-demand area with plenty of national chains across the street. The roof sign arrangement is specifically noted as paying for the taxes on the building.
For a buyer looking for turn-key retail operations, the offering can include the existing business and inventory alongside the building. For an investor or owner-operator who prefers to separate operations from real estate, the listing also offers the option to buy the building only, while retaining the roof sign lease that contributes $6,000 annually and is described as covering building taxes.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.969858
- Latitude
- 42.447073
