10570 Gratiot Ave, Detroit, MI 48213-1227
This exceptional Detroit industrial property offers a unique investment opportunity encompassing three buildings totaling 53,240 square feet on a 3.74-acre lot. The property is zoned M3 and boasts high visibility commercial frontage on Gratiot Avenue. Building 1, a 24,240 square foot structure, combines retail/office/warehouse space with three loading docks, overhead doors, and upstairs office areas. Building 2 is an 8,000 square foot garage building featuring multiple overhead doors on both the front and rear. Building 3, a 21,000 square foot warehouse, includes two loading docks, an overhead door, a racking system, a fully sprinklered system, and is described as extra clean with a small office area. The property features a large, fenced, and gated yard providing ample customer parking. Key advantages include proximity to I-94 and Conner Avenue, adjacency to an active rail line with potential spur line access, and location next to a brand new 650,000 square foot Lear facility and a 2-acre city-owned industrial site currently available. The property also benefits from its close proximity to the City Airport. All buildings are in excellent condition and feature newer roofing. The asking price is $1,550,000, or $29.11 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial complex with significant potential.
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Nationalwide Furniture Warehouse Furniture & Home Goods Home Decor Store
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Dealer's Wholesale Furniture Furniture & Home Goods Home Decor Store
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Diamonds R Us (Bike/Boat/Book/etc) Store
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Michigan Furniture Source Inc Furniture & Home Goods Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.