8121 Gratiot Ave Detroit, MI 48213-2939
Property profile & analytics
8121 Gratiot Ave, Detroit, MI 48213-2939
- Banks
- 2,508 SF
- 0.42 lot acres
Property ID
US43-0028931
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 8121 Gratiot Ave
- Year built
- 1971
- Lot size
- 0.42 lot acres
- Zone code
- B4
- Property type
- Banks
- APN
- 17000696-700
- APU
- 17000696700
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0141
- Latitude
- 42.3804
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$6,132
$0.00
$0.00
$100,300
-
$0.00
$0.00
$200,600
