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    11180 Gratiot Ave Detroit, MI 48213

    Sponsored
    For Sale
    $1,000,000

    18,700 SF Medical Office, Detroit, MI

    Property size:
    18,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,700 square foot medical office building, located at 11180 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. Priced at $1,000,000 ($53.48 per square foot), this multi-tenant property sits on a 1.32-acre lot and offers significant value-add potential. The building boasts excellent visibility and ample parking, enhanced by its prominent location directly across from the Detroit Police 9th Precinct. The property features approximately 1000 feet of frontage on Gratiot Avenue, a high-traffic thoroughfare. Currently configured as a medical office space, the building includes vacant suites ready for immediate occupancy or redevelopment. This presents a unique opportunity for investors seeking to capitalize on the existing medical infrastructure or repurpose the space for alternative office or retail uses. The gross lease structure simplifies management, and the substantial square footage provides flexibility for a variety of tenants or a single large user. The property's location in Wayne County, zip code 48213, offers convenient access to major transportation routes and a strong local market. This is an ideal opportunity for investors seeking a well-positioned, multi-tenant property with significant upside potential.

    Property Features for 11180 Gratiot Ave

    General Information

    Property type
    Medical offices
    Square Feet
    18,700 SF
    Lot Size
    57,499 SF

    HighLights

    • 1,000 feet of Gratiot Avenue frontage.
    • Value‑add opportunity with vacant medical suites, or potential for office/retail redevelopment.
    • Located directly across from the Detroit Police 9th Precinct.
    • High visibility and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gentle Dental at Gratiot ... Dentist Ziyadeh George DDS Dentist Park Family Health ... Medical Clinic Abellana Eduardo MD Family Practice Physician Park Medical Centers Nurse Practitioner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9947596
    Latitude
    42.4083832

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    FAQs

    What type of property is this?
    Medical office - 18,700 SF Medical Office, Detroit, MI
    Where is this medical office located?
    The property is located at 11180 Gratiot Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 1,000 feet of Gratiot Avenue frontage.; Value-add opportunity with vacant medical suites, or potential for office/retail redevelopment.; Located directly across from the Detroit Police 9th Precinct.
    Request Owner's contact information
    11180 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
    11180 Gratiot Ave Detroit, MI 48213
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