Property profile

10570 Gratiot Ave Detroit, MI 48213

OFF-MARKET
Super regional malls
Property ID
US43-1063152
32,239 SF 2.23 ac lot Built 1999
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1999
Total area 32,239 SF
Lot 2.23 ac (97,139 SF)
Zoning code M2
APN 19001585.
UPID US43-1063152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store
  • Furniture & Home Goods Home Decor Store
  • (Bike/Boat/Book/etc) Store
  • Furniture & Home Goods Home Decor Store

Location

10570 Gratiot Ave Detroit, MI 48213-1227
Detroit metro Census 505700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$385k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

M2 · Detroit, MI
Zoning description

ral Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2)…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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