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Financial
Distress signals
Property profile

11180 Gratiot Ave Detroit, MI 48213

FOR SALE
Medical Office Space
Property ID
US43-0426580
18,140 SF 1.04 ac lot Built 1948
Individually Owned Owner of record is an individual. 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$16k
Tax billed · 2020
Assessed value · 2024$658k
Effective rate2.39%

Value estimate

· Oct 2026
$350k
$315k – $385k
Submarket $/SF estimate$1.08M
NOI build-up
Gross scheduled income$328k
Vacancy & credit loss−$75k
Operating expenses−$63k
NOI · 18.94% cap applied$189k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$63/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$41 – $95

Cap rate analysis

How does the asset earn?
18.94%
$189k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.5
Law Firm24.0
Dental Office17.7

Location

11180 Gratiot Ave Detroit, MI 48213
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

18 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
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