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Property profile

1528 Gratiot Ave Detroit, MI 48207

OFF-MARKET
Other commercial real estate
Property ID
US43-5176965
7,248 SF 0.04 ac lot Built 2000
Last sale Oct 2022 · $985,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use building containing four units: three residential loft units and one ground-floor retail unit. Each loft is configured as a two-bedroom, two-bathroom layout and is served by an elevator. Building features common to the interior include high ceilings, original timber beams, large windows, and exposed brick, and the building provides rooftop access. Additional lower-level space is present and is served by a dumbwaiter. The ground-floor retail area includes a large…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$10k
Tax billed · 2020
Assessed value · 2024$552k
Effective rate1.80%

Value estimate

· Oct 2026
$1.25M
$1.12M – $1.37M
CAP approach$1.33M
Submarket $/SF estimate$1.23M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply32.4
Auto Repair Shop29.5
Hair Salon26.4

Location

1528 Gratiot Ave Detroit, MI 48207-2794
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6804 Mack, Detroit, MI 48207-2518 $55,000 Mar 2025 5,780 SF
2912 Mt Elliott, Detroit, MI 48207-3405 $18,500 Feb 2025 1,424 SF
3554 Dubois St, Detroit, MI 48207-2167 $115,000 Feb 2025 No data
289 Saint Aubin, Detroit, MI 48207-4436 $375,000 Jan 2025 20,139 SF
4125 Helen, Detroit, MI 48207-1946 $60,000 Nov 2024 No data
601 Grand, Detroit, MI 48207-3543 $97,002 Dec 2018 4,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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