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    14550 Gratiot Ave Detroit, MI 48205

    Sponsored
    For Sale
    $489,000

    6,000 SF Rehabbed Building - Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,000 square foot building, located at 14550 Gratiot Ave in Detroit, Michigan (zip code 48205), presents a unique investment opportunity. Currently configured as a place of worship, its versatile open floor plan, coupled with several existing offices and a kitchen, makes it ideally suited for a variety of uses. Imagine transforming this space into a thriving training center, school, daycare facility, or entertainment venue. The property has undergone a complete top-to-bottom rehabilitation, boasting brand new electrical, plumbing, HVAC systems, roof, drywall, and flooring. This ensures a truly maintenance-free facility, minimizing future expenses and maximizing return on investment. A significant advantage is the large rear lot, offering ample space for parking (approximately 100 cars), potential expansion, or storage. The asking price for this turnkey property is $489,000. This combination of a completely renovated building, flexible floor plan, and expansive lot in a desirable Detroit location represents a rare find in the current market. Don't miss this chance to acquire a property with exceptional potential.

    Property Features for 14550 Gratiot Ave

    General Information

    Property type
    Churches & religious facilities

    HighLights

    • 6,000 SF building at 14550 Gratiot Ave, Detroit, MI 48205.
    • Versatile open floor plan, suitable for various uses including training center, school, or entertainment venue.
    • Completely renovated with new electrical, plumbing, HVAC, roof, drywall, and flooring.
    • Large rear lot with parking for approximately 100 cars.
    • Asking price: $489,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Light of the World Christian ... Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.974895
    Latitude
    42.4387201

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    FAQs

    What type of property is this?
    Church & religious facility - 6,000 SF Rehabbed Building - Huge Potential
    Where is this church & religious facility located?
    The property is located at 14550 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: 6,000 SF building at 14550 Gratiot Ave, Detroit, MI 48205.; Versatile open floor plan, suitable for various uses including training center, school, or entertainment venue.; Completely renovated with new electrical, plumbing, HVAC, roof, drywall, and flooring.
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    14550 Gratiot Ave Detroit, MI 48205
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    Detroit, MI 48205
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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
    14550 Gratiot Ave Detroit, MI 48205
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