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Property profile & analytics

12709 Gratiot Ave Detroit, MI 48205

  • Auto shops
  • 4,229 SF
  • 0.11 lot acres
For Lease
Last Sale
Jun 03, 2021
$60,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0357163
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

  • Auto shops

Property Details for 12709 Gratiot Ave

Year built
1949
Lot size
0.11 lot acres
Property size
4,229 SF
Zone code
B4
Property type
Auto shops
APN
21028962-3
APU
210289623

Description

This exceptional 5,000-square-foot industrial building, located at 12709 Gratiot Ave in Detroit, Michigan, 48205, presents a unique leasing opportunity. Classified as a Class D property, this single-tenant building offers a blend of retail and industrial space, perfectly suited for manufacturing or warehousing operations. The structure boasts a prime location on a major Detroit thoroughfare, ensuring high visibility and significant foot and vehicle traffic. Constructed of brick, the building is in excellent condition and features a sizable basement, adding valuable storage or operational space. The total square footage encompasses 5,000 square feet, providing ample room for various business needs. While the building is currently available for lease, it's also an attractive option for purchase, offering flexibility to potential investors or owner-operators. This property represents a compelling investment in a dynamic Detroit location, providing immediate access to key transportation routes and a thriving commercial environment. The building's strong structural integrity and desirable location make it an ideal choice for businesses seeking a functional and visible space in the heart of Detroit. Serious inquiries are encouraged to explore this exceptional opportunity further.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-82.9884
Latitude
42.4196
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
$1,670
$0.00
$0.00
$72,200
-
$0.00
$0.00
$144,400
More about this property
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