2220 Gratiot Ave Detroit, MI 48207-3204

Property Details for 2220 Gratiot Ave

Year built

1915

Lot size

0.06 lot acres

Property size

2,140 SF

Zone code

B2

Property type

Retail space

APN

09001284.

APU

9001284

Description

This impeccably renovated mixed-use building, located at 2220 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. Completed in 2023, this 4,835-square-foot Class A property boasts three separate units within a beautifully preserved historic structure (built in 1915). The ground floor features retail space and a workshop, showcasing soaring ceilings, exposed brick (sealed), finished concrete and new flooring throughout. The upper unit, offering stunning views of Eastern Market and the Detroit skyline, is adaptable for various uses, including an event space, creative office, or residential condo conversion, with the potential for a rooftop patio addition. The property includes ten secure on-site parking spaces. Additional adjacent lots (2240, 2260, and 2270 Gratiot Ave) are available for purchase as a package. Extensive renovations in 2023 encompassed all major building systems, including masonry, roofing, drywall, flooring and tile, paint, brick sealing, furnaces, AC units, electrical and plumbing systems, windows and doors, security systems, and lighting. The building is zoned B4 and sits on a 0.09-acre lot. The asking price is $1,200,000 ($248.19/sq ft). The property is currently vacant. Its prime location in Eastern Market places it near numerous popular businesses and attractions, including Floyd, Dequindre Cut, Hunt Street Station, Supino Pizza, Trinosophes, People's Records, Vivio's Food & Spirits, Detroit City Distillery, Cairo Coffee, Motown Bistro, Bert's Marketplace, Detroit Hustles Harder, Eastern Market Brewing, Germack, Beyond Juicery, Collect Beer Bar, and Bunny Bunny.