10533 Gratiot Ave Detroit, MI 48213
- Drive through restaurants
- 1,344 SF
- 1.94 lot acres
Current Use by Public Records
- Tim Hortons / Fast Food Restaurant / Coffee Shop
Property Details for 10533 Gratiot Ave
- Year built
- 2013
- Lot size
- 1.94 lot acres
- Property size
- 1,344 SF
- Zone code
- M2
- Property type
- Drive through restaurants
- APN
- 17000735.001
- APU
- 17000735001
Description
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.
Value Estimation
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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
- -83.0006
- Latitude
- 42.4013
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
