10570 Gratiot Ave Detroit, MI 48213-1227

Property Details for 10570 Gratiot Ave

Year built

1999

Lot size

2.23 lot acres

Property size

32,239 SF

Zone code

M2

Property type

Super regional malls

APN

19001585.

APU

19001585

Description

This exceptional Detroit industrial property offers a unique investment opportunity encompassing three buildings totaling 53,240 square feet on a 3.74-acre lot. The property is zoned M3 and boasts high visibility commercial frontage on Gratiot Avenue. Building 1, a 24,240 square foot structure, combines retail/office/warehouse space with three loading docks, overhead doors, and upstairs office areas. Building 2 is an 8,000 square foot garage building featuring multiple overhead doors on both the front and rear. Building 3, a 21,000 square foot warehouse, includes two loading docks, an overhead door, a racking system, a fully sprinklered system, and is described as extra clean with a small office area. The property features a large, fenced, and gated yard providing ample customer parking. Key advantages include proximity to I-94 and Conner Avenue, adjacency to an active rail line with potential spur line access, and location next to a brand new 650,000 square foot Lear facility and a 2-acre city-owned industrial site currently available. The property also benefits from its close proximity to the City Airport. All buildings are in excellent condition and feature newer roofing. The asking price is $1,550,000, or $29.11 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial complex with significant potential.