8121 Gratiot Ave Detroit, MI 48213-2939
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.