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1528 Gratiot Avenue, Detroit, MI 48207

$1,695,000
  • 1528 Gratiot Avenue, Detroit, MI 48207 Main Photo

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Active
SQUARE FEET7,248 MLS#20251032927
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONPLAT OF A DEQUINDRE FARM SEC 26 (ALSO P717-8 CR) SCHOOLDetroit

Property Description

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering.

1528 Gratiot Avenue | MLS# 20251032927

This commercial property located at 1528 Gratiot Avenue, Detroit, MI 48207 is currently listed for sale with an asking price of $1,695,000. Gratiot Avenue is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.04 Acres
Year Built: 1907

Feature Descriptions

Days on Site: 237
Exterior: Brick
Foundation: Basement
Frontage Feet: 48
Lot Dimensions: 0.04 Acre(s)
Road Frontage: Paved
Summer Tax: $9799.0000
Water Heater: Natural Gas
Winter Tax: $6833.0000
Year Remoldeled: 2007

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Real Estate One-Royal Oak
Agency Phone: (248) 548-9100

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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