Brick Two-Story Retail
For Sale
Contact for pricing
15391 GRATIOT AVE, Detroit, MI 48205
Well-maintained brick retail building with a roof sign lease generating annual income and helping offset building taxes.
Property Size2,200 SF
Price / SF$120.45
Days on Market1929
Property Features for 15391 GRATIOT AVE
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Business for Sale, Retail, Mixed Use
Additional Details
Business Included
Yes
Building Details
Year Built
1948
Stories
2
Listing Agency:
KW Commercial Warren/Sterling Heights
(248) 649-7200
Listed By:
John Kurczak · License #MI 6501258219
Source:
Crexi
Added: Apr 27, 2021
Changed: Jul 10
Last Checked: Aug 6 at 7:03AM
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
Investment Insights
Based on property information with market context.
This nicely maintained brick retail building offers 2,200 sq. ft. on the upper level and 2,200 sq. ft. on the lower level. The listing also references an associated lease with a sign company for a roof sign, with the sign company paying $6,000 per year. The property is presented with the business and all inventory on site, including $200,000 in inventory, with an alternative option to purchase the building without the business.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
McDonald's
Dining
17,931 visits/mo
0.5 miles
Exxon
Shops & Services
11,907 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,629 visits/mo
0.5 miles
Domino's Pizza
Dining
4,514 visits/mo
0.3 miles
Exxon
Shops & Services
2,738 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained brick retail building with a roof sign lease generating annual income and helping offset building taxes.
Where is this storefront property located?
The property is located at 15391 GRATIOT AVE Detroit, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 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
