14550 Gratiot Ave Detroit, MI 48205
- Retail space
- 5,967 SF
- 0.78 lot acres
Current Use by Public Records
- Light of the World Christian Church / Church
Property Details for 14550 Gratiot Ave
- Year built
- 1941
- Lot size
- 0.78 lot acres
- Property size
- 5,967 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 21028541.001
- APU
- 21028541001
Description
This exceptional 6,000 square foot building, located at 14550 Gratiot Ave in Detroit, Michigan (zip code 48205), presents a unique investment opportunity. Currently configured as a place of worship, its versatile open floor plan, coupled with several existing offices and a kitchen, makes it ideally suited for a variety of uses. Imagine transforming this space into a thriving training center, school, daycare facility, or entertainment venue. The property has undergone a complete top-to-bottom rehabilitation, boasting brand new electrical, plumbing, HVAC systems, roof, drywall, and flooring. This ensures a truly maintenance-free facility, minimizing future expenses and maximizing return on investment. A significant advantage is the large rear lot, offering ample space for parking (approximately 100 cars), potential expansion, or storage. The asking price for this turnkey property is $489,000. This combination of a completely renovated building, flexible floor plan, and expansive lot in a desirable Detroit location represents a rare find in the current market. Don't miss this chance to acquire a property with exceptional potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9745
- Latitude
- 42.4386
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
