Free-Standing Retail w/Apartment on Gratiot Ave in Detroit

12595 Gratiot Ave Detroit, MI 48205

12595 Gratiot Ave, Detroit, MI, 48205
12595 Gratiot Ave, Detroit, MI, 48205 12595 Gratiot Ave, Detroit, MI, 48205 12595 Gratiot Ave, Detroit, MI, 48205 12595 Gratiot Ave, Detroit, MI, 48205 12595 Gratiot Ave, Detroit, MI, 48205 12595 Gratiot Ave, Detroit, MI, 48205
FOR SALE
Property Type:
Free Standing Building
Amount:
$189,000
Last Verified:
Nov 13, 2023

Highlights

  • 5,150 SF Stand-alone Building
  • Corner Frontage on Gratiot Ave
  • 24,150 Vehicles per Day
  • Upper-Apartment with Separate Entrance
  • Downstairs retail with tall ceilings and garage doors
  • New HVAC systems installed throughout

Description

12595 Gratiot Ave is primed for value-add renovations and leasing, or owner-user activity. The property has already been gutted and new HVAC systems have been installed throughout the building. Downstairs features a 3,900 SF retail unit with side garage doors, corner frontage, and signage. Upstairs is a 1,250 SF apartment with an upstairs deck.

Located near Detroit City Airport on busy Gratiot Avenue. This mixed-use building is located near the new 684,000 SF NorthPoint Industrial Development and surrounding food and service retail. The Gratiot corridor has shown consistent improvement specifically in this region the stretch to Downtown Detroit.


Year Built: 1926
Building Size: 5150sq ft
Lot Size: 0.1 acres


Documents

Brochure

Map of 12595 Gratiot Ave, Detroit, MI, 48205

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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