9239 Gratiot Ave Detroit, MI 48213
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Burger King / Restaurant
Property Details for 9239 Gratiot Ave
- Year built
- 1997
- Lot size
- 0.55 lot acres
- Property size
- 1,993 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 1,993-square-foot vacant commercial property, located at 9239 Gratiot Avenue in Detroit, Michigan, presents a compelling opportunity for owner-users or redevelopment. The building, constructed in 1997, sits on a 0.55-acre lot and is zoned B-4: General Business District, offering considerable flexibility for various uses. Previously operating as a quick-service restaurant, the property boasts nine parking spaces, a significant advantage in this high-traffic area. The asking price is $525,000, translating to $263.42 per square foot. The fee simple ownership includes both land and building, providing complete control and potential for long-term investment. Situated along Gratiot Avenue, this location benefits from high visibility and accessibility, with a strong tenant presence and dense industrial trade area, ensuring a robust customer base. The property's central location and direct access to a residential consumer base make it an ideal site for a variety of businesses. This is a rare opportunity to acquire a well-positioned property in a thriving Detroit neighborhood. The property's history as a quick-service restaurant makes it suitable for similar ventures or adaptive reuse. The ample parking and convenient location are key selling points for potential buyers or tenants. This property offers tremendous value and potential for significant return on investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0075
- Latitude
- 42.3903
