8121 Gratiot Ave Detroit, MI 48213
- Banks
- 2,508 SF
- 0.42 lot acres
Current Use by Public Records
- Banks
Property Details for 8121 Gratiot Ave
- Year built
- 1971
- Lot size
- 0.42 lot acres
- Property size
- 2,508 SF
- Zone code
- B4
- Property type
- Banks
- APN
- 17000696-700
- APU
- 17000696700
Description
This exceptional investment opportunity presents a 2,508-square-foot commercial building located at 8121 Gratiot Avenue in Detroit, Michigan, 48213. The property, built in 1971, is a single-story, Class C building situated on a 0.42-acre lot. Currently operating at 100% occupancy, this former bank branch offers significant potential for various retail or industrial uses. The building features a 12-foot ceiling height, providing ample vertical space. Zoned B-4, the property benefits from ample parking. The asking price is $295,000, translating to $117.62 per square foot. This represents a compelling investment opportunity in a high-traffic area of Detroit. The property's size, location, and existing infrastructure make it an ideal candidate for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this well-positioned Detroit property. The building's single-tenancy status offers a streamlined ownership experience. Its history as a bank branch suggests a solid foundation and potential for adaptive reuse. The property's location on Gratiot Avenue provides excellent visibility and accessibility.
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
- -83.0141
- Latitude
- 42.3804
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
