9229 Gratiot Ave, Detroit, MI
1,993 SF retail building with drive-thru on 0.55 acres.
- Added:
- Mar 5, 2025
- Days on Market:
- 472
- Last Refresh:
- May 20 at 9:29 pm
Property Features for 9229 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 1,993 SF
- Lot size
- 0.56 Acres
- Property subtype
- RETAIL
Properties For Sale
at 9229 Gratiot Ave Contact us
Listing agent Michael Carter License #6501369793 (586) 549-4260
Listing office SRS Real Estate Partners | Detroit (586) 549-4260
Listing date Mar 5, 2025
Source Moodyscre
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 SRS Real Estate Partners | Detroit
HighLights
- Highly desirable retail location with direct access to residential communities, national tenants, and industrial facilities.
- Zoned B‑4 – General Business District, providing a wide range of commercial uses.
- Excellent lease‑up or redevelopment opportunity.
- Features a drive‑thru to benefit the surrounding customer base.
- Property consists of 1,993 SF of GLA on 0.55 acres.
- Built in 1997.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $18.60 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $35.1k | $17.60 |
| − OpEx | −$8.8k | −$4.40 |
| NOI | $26.3k | $13.20 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Casa de Fleur Detroit — Exterior Deck, 474 Peterboro St 2nd Floor, Detroit, MI 48201
- Red Rose Florist — 123 Monroe St, Detroit, MI 48226
- Flowers for Dreams — 1490 Gratiot Ave, Detroit, MI 48207
- Floral Accents — detroit, mi
- Sweet Ambiance Events — 1442 Brush St, Detroit, MI 48226
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0077
- Latitude
- 42.3903
