15405 Gratiot Ave Detroit, MI 48205-1385
Property summary
This exceptional 56,624 square foot retail property, situated at 15405 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. Currently configured as a single-tenant space, the property offers 56,624 total square feet, with 1,600 square feet currently vacant. This presents a unique chance to lease or occupy a portion of this established retail center. The property is classified as a Neighborhood Center, indicating its strategic location within a thriving community. Located in Wayne County, the property benefits from excellent visibility and accessibility along Gratiot Avenue, a major thoroughfare in Detroit. The 48205 zip code boasts a strong demographic profile, making it an ideal location for a variety of retail businesses. The existing structure provides ample space for a wide range of retail uses, and the vacant 1,600 square feet offers immediate expansion potential for existing tenants or a new business looking to establish a presence in this vibrant area. The property's size and location make it an attractive option for businesses seeking a prominent position in the Detroit market. Further details regarding lease terms and potential development opportunities are available upon request. This is a prime opportunity to acquire a well-positioned retail property in a growing area of Detroit.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing & Fashion Store
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Mobile Phone Store Electronics & Wireless Store
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(Bike/Boat/Book/etc) Store
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Arcade & Gaming Center Electronics & Wireless Store
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Discount Store
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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