Property profile

11288 Gratiot Ave Detroit, MI 48213

OFF-MARKET
Drive through restaurants
Property ID
US43-5206221
1,994 SF 0.54 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a freestanding commercial site comprising a 2,000-square-foot building on a 0.54-acre parcel with a drive-through configuration suitable for customer service operations. The site provides approximately 220 feet of frontage and includes parking and on-site circulation designed to support customer access. Located along Gratiot Avenue in Detroit, it is positioned on a major commercial corridor with dense residential housing and established businesses nearby, and it is situated within minutes of I-94 and downtown Detroit. The property is zoned B4 (General Business District), which supports a wide range of commercial uses, including retail, professional services, and quick-service concepts that benefit from drive-through functionality and visibility from a high-traffic roadway.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1982
Total area 1,994 SF
Lot 0.54 ac (23,522 SF)
Zoning code B4
APN 21028799-811
UPID US43-5206221

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
  • Restaurant Take-out & Catering

Location

11288 Gratiot Ave Detroit, MI 48213-1336
Detroit metro Census 503900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$130k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2008
Price N/A
2004
$452,684

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

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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