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    8200 Gratiot Ave Detroit, MI 48213

    Sponsored
    For Sale
    $275,000

    Prime Detroit retail space, 1935 sq ft.

    Property size:
    1,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 8200 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. The 1,935 square foot building, constructed in 1970, boasts a 10-foot clear height, providing ample space for various retail ventures. The property is situated on an entire city block in Wayne County, zip code 48213, offering excellent visibility and accessibility. Priced at $275,000, or $142.12 per square foot, this represents a strong value proposition for investors seeking a well-located retail space in a thriving urban area. The property is zoned B4, allowing for a wide range of permitted uses. Its strategic location in Detroit, Michigan offers significant potential for growth and return on investment. The building's size and zoning make it suitable for a variety of retail businesses. This is a rare opportunity to acquire a substantial retail space in a prime Detroit location. The asking price reflects the property's strong potential and its location within a dynamic and developing urban environment. Serious inquiries are encouraged.

    Property Features for 8200 Gratiot Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,935 SF

    Building Details

    Year Built
    1970

    HighLights

    • 1,935 square feet available
    • 10' clear height
    • B4 zoning
    • Built in 1970
    • Entire city block, $275,000 sale price ($142.12/sq ft)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0130481
    Latitude
    42.3807846

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    FAQs

    What type of property is this?
    Retail property - Prime Detroit retail space, 1935 sq ft.
    Where is this retail property located?
    The property is located at 8200 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 1,935 square feet available; 10' clear height; B4 zoning
    (248) 359-0615
    Request Owner's contact information
    8200 Gratiot Ave Detroit, MI 48213
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    Detroit, MI 48213
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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
    8200 Gratiot Ave Detroit, MI 48213
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