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Property profile & analytics

15405 Gratiot Ave Detroit, MI 48205-1385

  • Community centers
  • 24,194 SF
  • 2.24 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1126537
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • The City Warehouse / Men'S Clothing Store
  • Metro by T-Mobile / Cell Phone Store
  • Dollar Store Milan / Variety Store
  • GameStop / Video Game Store / Collectibles Store
  • Dollar Center / Dollar Store

Property Details for 15405 Gratiot Ave

Year built
1999
Lot size
2.24 lot acres
Property size
24,194 SF
Zone code
B4
Property type
Community centers
APN
21029212.
APU
21029212

Description

This exceptional 56,624 square foot retail property, situated at 15405 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. Currently configured as a single-tenant space, the property offers 56,624 total square feet, with 1,600 square feet currently vacant. This presents a unique chance to lease or occupy a portion of this established retail center. The property is classified as a Neighborhood Center, indicating its strategic location within a thriving community. Located in Wayne County, the property benefits from excellent visibility and accessibility along Gratiot Avenue, a major thoroughfare in Detroit. The 48205 zip code boasts a strong demographic profile, making it an ideal location for a variety of retail businesses. The existing structure provides ample space for a wide range of retail uses, and the vacant 1,600 square feet offers immediate expansion potential for existing tenants or a new business looking to establish a presence in this vibrant area. The property's size and location make it an attractive option for businesses seeking a prominent position in the Detroit market. Further details regarding lease terms and potential development opportunities are available upon request. This is a prime opportunity to acquire a well-positioned retail property in a growing area of Detroit.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-82.9699
Latitude
42.4483
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$59,356
$0.00
$0.00
$1,031,900
-
$0.00
$0.00
$2,063,800
More about this property
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