12719 Gratiot Ave Detroit, MI 48205-3943
- Theaters & concert halls
- 2,672 SF
- 0.11 lot acres
Current Use by Public Records
- Theaters & concert halls
Property Details for 12719 Gratiot Ave
- Year built
- 1925
- Lot size
- 0.11 lot acres
- Property size
- 2,672 SF
- Zone code
- B4
- Property type
- Theaters & concert halls
- APN
- 21028964.
- APU
- 21028964
Description
This exceptional 4983-square-foot warehouse, located at 12719 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. Originally constructed in 1925 and opening as the Franklin Theater in 1926, later becoming the Guild Theater, this historic building is steeped in Detroit's rich past. Currently available for lease, the property is situated in Wayne County, within the 48205 zip code. The building is classified as retail and industrial, with a single-tenant occupancy. It is a significant piece of Detroit's history and is in need of a complete renovation. This presents a compelling opportunity for developers or investors seeking to restore and repurpose a landmark property. The building's substantial size and prime location offer considerable potential for a variety of uses following a comprehensive refurbishment. The property is also available for sale. Interested parties are encouraged to explore the possibilities this unique Detroit landmark offers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9884
- Latitude
- 42.4197
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
