Individually Owned Property summary
This exceptional 5,476 square foot industrial property, situated on a 0.05-acre lot at 1432 Gratiot in Detroit, Michigan, presents a compelling investment opportunity. The building, a historically significant four-unit structure located in the vibrant Eastern Market district, offers significant value-add potential. Currently configured as four apartments, the property boasts unique architectural details. The two second-floor units feature a desirable loft style with exposed brick, hardwood… floors, and abundant natural light. The two first-floor units, originally storefronts, retain their original tin ceilings and have been converted into apartments, each with a full basement. This versatile layout allows for a variety of uses. A new owner could maintain the existing apartment configuration, or capitalize on the ground floor's potential for commercial use, integrating a business into the Eastern Market's thriving environment. The building is in excellent condition and is ready for immediate occupancy. The property is being sold "as is," with all terms and conditions subject to buyer's verification and acceptance. Highest and best offers are due by February 4th, 2025, at 5:00 PM. This is a rare chance to acquire a well-maintained, historically significant property in a prime Detroit location with strong potential for a high return on investment.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2020
Value estimate
· Sep 2026Realmo valuation models over county records and 10 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,576 SF
- Lot area
- 0.05 ac
- Year built
- 1932
- Stories
- 2
- APN
- 07000779.
- Zoning
- B4
- Assessed value · 2024
- $63,000
- Annual tax · 2020
- $2,229
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Owner Contacts
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- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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