8200 Gratiot Ave Detroit, MI 48213
- Retail space
- 1,935 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 8200 Gratiot Ave
- Year built
- 1970
- Lot size
- 0.21 lot acres
- Property size
- 1,935 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 17000633-5
- APU
- 170006335
Description
This exceptional retail property, located at 8200 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. The 1,935 square foot building, constructed in 1970, boasts a 10-foot clear height, providing ample space for various retail ventures. The property is situated on an entire city block in Wayne County, zip code 48213, offering excellent visibility and accessibility. Priced at $275,000, or $142.12 per square foot, this represents a strong value proposition for investors seeking a well-located retail space in a thriving urban area. The property is zoned B4, allowing for a wide range of permitted uses. Its strategic location in Detroit, Michigan offers significant potential for growth and return on investment. The building's size and zoning make it suitable for a variety of retail businesses. This is a rare opportunity to acquire a substantial retail space in a prime Detroit location. The asking price reflects the property's strong potential and its location within a dynamic and developing urban environment. Serious inquiries are encouraged.
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
- -83.013
- Latitude
- 42.3807
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
