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    10533 Gratiot Ave Detroit, MI 48213

    Sponsored
    For Sale
    $1,250,000

    1,344 SF Retail Building, High ROI

    Property size:
    1,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail property, located at 10533 Gratiot Ave in Detroit, Michigan, presents a lucrative investment opportunity. The single-story, 1,344 square foot building, constructed in 2013, sits on a 1.94-acre lot and is zoned M2. The property boasts a strong tenant with a 20-year lease at a monthly rate of $4,583, featuring built-in rent increases and four 5-year extension options. This translates to a compelling price per square foot of $930.06. The property's strategic location in Wayne County, zip code 48213, offers excellent visibility and accessibility. Beyond the main building, the property includes an additional 1.15-acre parcel (Parcel B) with 141 feet of frontage, providing significant potential for future development or expansion. The asking price for this turnkey investment is $1,250,000. This property offers a rare combination of established income, significant land area, and strong future growth potential. Don't miss this chance to acquire a high-performing retail asset in a thriving Detroit location.

    Property Features for 10533 Gratiot Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,344 SF
    Lot Size
    84,506 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    HighLights

    • 1,344 SF building.
    • 20‑year lease, $4,583/month, with rent increases and four 5‑year options.
    • 1.15‑acre parcel (141' frontage).
    Property Profile Location Intelligence

    Current Use by Public Records

    Tim Hortons Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0006514
    Latitude
    42.4009483

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    FAQs

    What type of property is this?
    Retail property - 1,344 SF Retail Building, High ROI
    Where is this retail property located?
    The property is located at 10533 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 1,344 SF building.; 20-year lease, $4,583/month, with rent increases and four 5-year options.; 1.15-acre parcel (141' frontage).
    Request Owner's contact information
    10533 Gratiot Ave 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
    10533 Gratiot Ave Detroit, MI 48213
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