Property profile

11180 Gratiot Ave Detroit, MI 48213

FOR LEASE
Medical Office Space
Property ID
US43-0426580
18,140 SF 1.04 ac lot Built 1948
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional medical office building, located at 11180 Gratiot Avenue in Detroit, Michigan, offers a unique opportunity for healthcare professionals seeking flexible and modern space. The property boasts a total of 18,700 square feet, situated on a generous 1.32-acre lot in Wayne County. Multiple tenancy options are available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, 6,000 square feet of space is immediately available for lease. The building is ideally suited for a variety of medical practices, offering the potential for expansion or consolidation. Its convenient location on Gratiot Avenue provides excellent visibility and accessibility for patients and staff. The property's zoning and existing infrastructure make it an attractive option for both established practices and new ventures. This is a rare opportunity to secure high-quality medical office space in a thriving Detroit location. The address is 11180 Gratiot Ave, Detroit, MI 48213. Interested parties should inquire about available space and lease terms. The property is zoned for medical office use.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1948
Total area 18,140 SF
Lot 1.04 ac (45,302 SF)
Zoning code B4
APN 21028813-6
UPID US43-0426580

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
  • Dental Office
  • Dental Office
  • Medical Clinic
  • Pediatrician Physician
  • Physician

Location

11180 Gratiot Ave Detroit, MI 48213
Detroit metro Census 503900 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
$1.08M
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.7M +44.9%
Restaurant $1.7M +44.8%
Neighborhood: shopping center $1.4M +20.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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