8600 Gratiot Ave Detroit, MI 48213
For Sale
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This exceptional mixed-use property, located at 8600 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. The 1,250 square foot building sits on a 4,700 square foot lot and is currently operating as a licensed car dealership, offering significant potential for continued success in this established location. The property features two dock-high doors, a 10-foot ceiling height, and is zoned for commercial use. The asking price is $2,999,999, translating to $2,400 per square foot. The building's versatility extends beyond its current use; it's also well-suited for a hand car wash or detailing business. The property is available for an owner/user or investor seeking a lease/tenant arrangement. The occupancy date is August 30, 2024. This single-story building in Wayne County, Michigan (zip code 48213) offers a strong return on investment in a high-traffic area. The property's existing license adds significant value and streamlines the transition for a new owner. This is a rare opportunity to acquire a turnkey business with substantial growth potential in a thriving Detroit market. The property's location on Gratiot Avenue ensures high visibility and accessibility for customers. The sale includes the building and the existing business license.
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.