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    310 Gratiot Ave Detroit, MI 48226

    Sponsored
    For Lease
    $33 SF/Yr

    Prime Gratiot Ave storefront, 5,800 SF

    Lot size:
    166,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,800 square foot retail space is located in the Exchange, a brand-new, Class A, mixed-use high-rise in Detroit's Central Business District. Situated on the southeast corner of Gratiot and Brush Streets, this single-tenant storefront offers unparalleled visibility and accessibility. The space boasts floor-to-ceiling windows, 13-foot ceilings, and unobstructed views, thanks to the building's innovative design. Part of a 16-story building completed in 2023, this retail space is ideally positioned to serve the 165 residential units within the Exchange, as well as the broader business community and visitors. The building features modern amenities including at-your-door services, on-site valet, and security. The total building size is 166,000 square feet, and the property is conveniently located in a vibrant area, establishing a new neighborhood entry point through the Gratiot corridor and Greektown. This is a unique opportunity to establish a presence in a dynamic, high-growth area of Detroit. The property's APN is 01-003932.

    Property Features for 310 Gratiot Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    166,000 SF
    Class
    A
    Total Rate
    456500

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    16

    Unit(s) available at that property

    Space
    Size
    5,800 SF
    Rate per SF
    $33

    HighLights

    • 986 - 5,800 square feet of available space.
    • Vertically manufactured building with elevator.
    • Serves a residential population exceeding 200.
    • Features floor‑to‑ceiling storefront windows.
    Property Profile Location Intelligence

    Current Use by Public Records

    eXchange Apartments Apartment Building National Tax Assistance ... Tax Preparation Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0449993
    Latitude
    42.3352075

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    FAQs

    What type of property is this?
    Individual retail property - Prime Gratiot Ave storefront, 5,800 SF
    Where is this individual retail property located?
    The property is located at 310 Gratiot Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 986 - 5,800 square feet of available space.; Vertically manufactured building with elevator.; Serves a residential population exceeding 200.
    Request Owner's contact information
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    Detroit, MI 48226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Gratiot Ave Detroit, MI 48226
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