8600 Gratiot Ave Detroit, MI 48213
- Commercial real estate
- 1,243 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8600 Gratiot Ave
- Year built
- 1941
- Lot size
- 0.11 lot acres
- Property size
- 1,243 SF
- Zone code
- B4
- Property type
- Commercial real estate
- APN
- 17000627.
- APU
- 17000627
Description
This exceptional mixed-use property, located at 8600 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. The 1,250 square foot building sits on a 4,700 square foot lot and is currently operating as a licensed car dealership, offering significant potential for continued success in this established location. The property features two dock-high doors, a 10-foot ceiling height, and is zoned for commercial use. The asking price is $2,999,999, translating to $2,400 per square foot. The building's versatility extends beyond its current use; it's also well-suited for a hand car wash or detailing business. The property is available for an owner/user or investor seeking a lease/tenant arrangement. The occupancy date is August 30, 2024. This single-story building in Wayne County, Michigan (zip code 48213) offers a strong return on investment in a high-traffic area. The property's existing license adds significant value and streamlines the transition for a new owner. This is a rare opportunity to acquire a turnkey business with substantial growth potential in a thriving Detroit market. The property's location on Gratiot Avenue ensures high visibility and accessibility for customers. The sale includes the building and the existing business license.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0107
- Latitude
- 42.3843
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
