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    Property profile & analytics

    12701 Gratiot Ave Detroit, MI 48205-3943

    • Retail space
    • 2,211 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 24, 2024
    $36,000
    Location Intelligence
    Property ID
    US43-0324691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 12701 Gratiot Ave

    Year built
    1924
    Lot size
    0.10 lot acres
    Property size
    2,211 SF
    Zone code
    B4
    Property type
    Retail space
    APN
    21028961.
    APU
    21028961

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9885
    Latitude
    42.4195
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $1,062
    $0.00
    $0.00
    $48,500
    -
    $0.00
    $0.00
    $97,000

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      13529 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      13529 Gratiot Ave, Detroit, MI 48205-3431
      View Details
    • Value Estimation by Request
      1,740 SF

      18730 Hayes St

      RETAIL STORES (PERSONAL SERVICES) • 1,740 SF
      18730 Hayes St, Detroit, MI 48205-2965
      View Details
    • Value Estimation by Request
      800 SF

      17111 Hayes St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      17111 Hayes St, Detroit, MI 48205-3559
      View Details
    • Value Estimation by Request
      1,340 SF

      13012 Hayes St

      RETAIL STORES (PERSONAL SERVICES) • 1,340 SF
      13012 Hayes St, Detroit, MI 48205-3535
      View Details
    • Value Estimation by Request
      3,086 SF

      13517 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,086 SF
      13517 Gratiot Ave, Detroit, MI 48205-3431
      View Details
    • Value Estimation by Request
      17,772 SF

      12301 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,772 SF
      12301 Gratiot Ave, Detroit, MI 48205-3921
      View Details

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    Similar Nearby for Lease

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      Detroit Commercial Land Opportunity

      1 Acre Lot, Single Tenant Potential
      13715 Gratiot Ave, Detroit, MI 48205
      View Details
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    Detroit, MI 48205-3943
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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