8200 Gratiot Ave, Detroit, MI 48213
For Sale
1 / 4
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.
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.
No recorded transactions found for this property.
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.