Property profile

6455 Gratiot Ave Detroit, MI 48207

OFF-MARKET
Medical Office Space
Property ID
US43-1462136
6,836 SF 1.8 ac lot Built 1989
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,300 square foot medical office space is available for immediate lease within a larger 6,836 square foot building situated on a 1.8-acre lot. Located in a prime location offering unparalleled access to major freeways including John Lodge, I-94, and I-75, this property provides convenient connectivity to Downtown Detroit, Midtown, Eastern Market, Ford Field, and major casinos. The building, originally constructed in 1989 and recently renovated in 2024, currently houses a single tenant, with this 2,300 square foot space representing the only available unit. The space is ideal for medical practices or retail businesses and is easily adaptable to various needs. A tenant improvement (TI) allowance is available to assist with customizing the space to perfectly suit your operational requirements. The minimum divisible space is 2,300 square feet, and the maximum contiguous space available is also 2,300 square feet. This presents a unique opportunity to establish a presence in a thriving area with excellent visibility and accessibility. The property's strategic location and recent renovations make it an attractive option for businesses seeking a modern and well-connected space. This is a single-suite building, offering a unique and private environment for your business.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1989
Total area 6,836 SF
Lot 1.8 ac (78,408 SF)
Zoning code M4
APN 15000369-70
UPID US43-1462136

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Pediatrician Medical Clinic
  • Medical Group
  • Dental Office
  • Home Health Care Service

Location

6455 Gratiot Ave Detroit, MI 48207-1808
Detroit metro Census 519200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$485k
Blend (final) Blend
$555k

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M4 · Detroit, MI
Zoning description

ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $625,000 +44.9%
Restaurant $625,000 +44.8%
Neighborhood: shopping center $520,000 +20.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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