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Property profile & analytics
OFF-MARKET
Banks

8121 Gratiot Ave Detroit, MI 48213-2939

2,508 SF 0.42 ac lot Built 1971
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US43-0028931
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,508-square-foot commercial building located at 8121 Gratiot Avenue in Detroit, Michigan, 48213. The property, built in 1971, is a single-story, Class C building situated on a 0.42-acre lot. Currently operating at 100% occupancy, this former bank branch offers significant potential for various retail or industrial uses. The building features a 12-foot ceiling height, providing ample vertical space. Zoned B-4, the property benefits from ample parking. The asking price is $295,000, translating to $117.62 per square foot. This represents a compelling investment opportunity in a high-traffic area of Detroit. The property's size, location, and existing infrastructure make it an ideal candidate for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this well-positioned Detroit property. The building's single-tenancy status offers a streamlined ownership experience. Its history as a bank branch suggests a solid foundation and potential for adaptive reuse. The property's location on Gratiot Avenue provides excellent visibility and accessibility.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1971
Total area 2,508 SF
Lot 0.42 ac (18,295 SF)
Zoning code B4
APN 17000696-700
UPID US43-0028931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Linda Dedvukaj · 5 yrs held
Linda Dedvukaj
since 2020
2 recorded transactions
2020
Price N/A
2019
$1.4M
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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