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    8600 Gratiot Ave Detroit, MI 48213

    Sponsored
    For Sale
    $2,999,999

    Profitable Mixed-Use Property, Detroit, MI

    Property size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 8600 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. The 1,250 square foot building sits on a 4,700 square foot lot and is currently operating as a licensed car dealership, offering significant potential for continued success in this established location. The property features two dock-high doors, a 10-foot ceiling height, and is zoned for commercial use. The asking price is $2,999,999, translating to $2,400 per square foot. The building's versatility extends beyond its current use; it's also well-suited for a hand car wash or detailing business. The property is available for an owner/user or investor seeking a lease/tenant arrangement. The occupancy date is August 30, 2024. This single-story building in Wayne County, Michigan (zip code 48213) offers a strong return on investment in a high-traffic area. The property's existing license adds significant value and streamlines the transition for a new owner. This is a rare opportunity to acquire a turnkey business with substantial growth potential in a thriving Detroit market. The property's location on Gratiot Avenue ensures high visibility and accessibility for customers. The sale includes the building and the existing business license.

    Property Features for 8600 Gratiot Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,250 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $2,999,999 asking price for a mixed‑use property in Detroit, MI.
    • 1,250 square feet on a 4,700 square foot lot, with a $2,400 per square foot price.
    • Currently operating as a licensed car dealership and car wash, with potential for detailing.
    • Includes one single‑story building with two dock‑high doors and 10‑foot ceilings.
    • Located at 8600 Gratiot Ave, Detroit, MI 48213, with an occupancy date of August 30, 2024.
    • Zoned commercial, owner‑user/investor opportunity with broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.011114837274
    Latitude
    42.384352822667

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    FAQs

    What type of property is this?
    Automotive property - Profitable Mixed-Use Property, Detroit, MI
    Where is this automotive property located?
    The property is located at 8600 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: $2,999,999 asking price for a mixed-use property in Detroit, MI.; 1,250 square feet on a 4,700 square foot lot, with a $2,400 per square foot price.; Currently operating as a licensed car dealership and car wash, with potential for detailing.
    Request Owner's contact information
    8600 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
    8600 Gratiot Ave Detroit, MI 48213
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