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    FOR SALE
    Retail space

    8200 Gratiot Ave, Detroit, MI 48213

    1,935 SF 0.21 ac lot Built 1970
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-0877008
    Property summary
    AI-generated overview

    This exceptional retail property, located at 8200 Gratiot Avenue in Detroit, Michigan, presents a compelling investment opportunity. The 1,935 square foot building, constructed in 1970, boasts a 10-foot clear height, providing ample space for various retail ventures. The property is situated on an entire city block in Wayne County, zip code 48213, offering excellent visibility and accessibility. Priced at $275,000, or $142.12 per square foot, this represents a strong value proposition for investors seeking a well-located retail space in a thriving urban area. The property is zoned B4, allowing for a wide range of permitted uses. Its strategic location in Detroit, Michigan offers significant potential for growth and return on investment. The building's size and zoning make it suitable for a variety of retail businesses. This is a rare opportunity to acquire a substantial retail space in a prime Detroit location. The asking price reflects the property's strong potential and its location within a dynamic and developing urban environment. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1970
    Total area 1,935 SF
    Lot 0.21 ac (9,148 SF)
    Zoning code B4
    APN 17000633-5
    UPID US43-0877008
    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
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    KEVIN L NOTTAGE
    KEVIN L NOTTAGE
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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