Mixed-Use Retail and Residential
For Sale
Contact for pricing
3206 Gratiot Avenue, Detroit, MI 48207
Renovation is underway for a first-floor retail space and second-floor residential apartments.
Property SizeContact for details
Days on Market124
Property Features for 3206 Gratiot Avenue
General Information
Standard status
Active
Property subtype
Retail, Mixed Use, Land
Listing Agency:
Insite Commercial
(248) 359-9000
Listed By:
Randy Thomas · License #MI 6502106098
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:09PM
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 Insite Commercial
Investment Insights
Based on property information with market context.
This mixed-use building is being renovated with plans for retail space on the first floor and residential apartments on the second floor. The current owner has started the renovation and the seller is willing to complete the project for a new owner.
The property is located on Gratiot Avenue in Detroit, within blocks of the Heidelberg Project, Eastern Market, and Downtown. It also neighbors a new mixed-use development on Mack Ave.
For buyers seeking a value-add mixed-use setup, the existing renovation framework provides a clear path to finish the intended retail-and-residential configuration.
The property is located on Gratiot Avenue in Detroit, within blocks of the Heidelberg Project, Eastern Market, and Downtown. It also neighbors a new mixed-use development on Mack Ave.
For buyers seeking a value-add mixed-use setup, the existing renovation framework provides a clear path to finish the intended retail-and-residential configuration.
Key Highlights
- Mixed‑use building with renovation underway for 1st‑floor retail and 2nd‑floor residential apartments
- Seller has begun renovating the building and is willing to complete the project for the new owner
- Property is on Gratiot Avenue and within blocks of the Heidelberg Project, Eastern Market, and Downtown
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Renovation is underway for a first-floor retail space and second-floor residential apartments.
Where is this retail space located?
The property is located at 3206 Gratiot Avenue Detroit, MI.
What are key features of this property?
This property features: Mixed‑use building with renovation underway for 1st‑floor retail and 2nd‑floor residential apartments; Seller has begun renovating the building and is willing to complete the project for the new owner; Property is on Gratiot Avenue and within blocks of the Heidelberg Project, Eastern Market, and Downtown
