Eastern Market Mixed-Use 20,000 SF Office / User or Investor Sale Opportunity
1400 Gratiot Avenue
Detroit, MI 48207
Highlights
Description
The Viola Building - is a restored 5-story mixed-use office/retail building, located on the busy SEC of Gratiot Ave and Russell St. at the gateway to Eastern Market.
The original 1923 building was renovated in 2018 and 2020/2023 with additional improvements planned for 2025. The building has received ±$1.50 MM in capital upgrades, making significant additions such an elevator, new windows, new roof and dedicated furnaces per floor. The building is scheduled for planned additional improvements to the main corridor and hallway, lighting, adding murals/art and a lot more fresh paint throughout the interior. The Viola Building provides for ample lower-level storage space.
The unique property consists of prime ground floor retail/restaurant space with four floors of office and live/workspace with skyline views. The newly installed elevator provides easy access to units, which have wide open floor plate throughout with sealed concrete floors, in suite restrooms and kitchens.
Located at the busy SEC of Gratiot Ave and Russell St. at the Gateway to Eastern Market in a Qualified Opportunity Zone (QOZ). Excellent walk, bike and transit scores in the thriving Eastern Market area. Located directly across the new development with 440 Apartments Coming Across the street. Area is part of the Project Green Light Detroit partnering with the Detroit Police Department.
RETAIL / RESTAURANT / OFFICE / CO-WORKING SPACE / LIVE-WORKSPACE
20,000 SF Office
4,000 SF Open Floor Plans, In Suite Restrooms, Kitchenettes
4,000 SF Ground Floor Retail/Restaurant
3,000 SF Basement/Storage
Views of Downtown Detroit Skyline
New Roof, Windows, HVAC and Elevator
Available Street Parking Along Gratiot Ave (front) the Service Drive (back)
Ample Additional Surface Parking On/Walkable Off Site
Walking distance to Eastern Market, Ford Field, Comerica Park, Campus Martius, Brush Park, City Modern
Detroit People Mover provides access to nearby attractions to Greektown, Cadillac Center, Broadway, Bricktown, Grand Circus Park, Campus Martius, Renaissance Center
RETAIL RESTAURANT / OFFICE / CO-WORKING SPACE / LIVE-WORKSPACE
New Ownership has invested over $1.0 million of renovations in the Eastern Market. The Viola Building is a restored 5-story mixed-use office/retail building, located at the busy SEC of Gratiot Ave and Russell St. at the Gateway to Eastern Market. The original 1923 building was renovated in 2018 and 2020/2023 under the current new Ownership. Ownership has invested well over $1.0 million, making additions such an elevator, new windows, new roof and dedicated furnaces per floor. Landlord planning additional improvements to corridor and hallway, lighting and adding murals/art and a lot more fresh paint throughout the interior. The Viola Building provides for ample lower-level storage space, as well.
The Viola Building is located on the Corner of Gratiot and Russell at the gateway to Eastern Market
Since it began in the 1800s, the Eastern Market is one of the most authentic urban pedestrian sites and the largest, 6-block public market historic public market district in the nation. The Eastern Market’s attraction has been the over $85 million in new development projects with weekend visitors exceeding some 45,000 people shopping in Detroit’s historic Eastern Market. A national tourist destination, the Eastern Market attracts over 3 million visitors, annually.
6 Minute Walk to Ford Field & Comerica Park
7 Minute Bike/Scooter to Campus Martius
10 Minute Walk to Brush Park/City Modern
Located on the busy SEC of Gratiot Ave and Russell St. at the Gateway to Eastern Market in a Qualified Opportunity Zone (QOZ). Excellent walk, bike and transit scores in the thriving Eastern Market area. Located directly across the new development with 440 Apartments Coming Across the street. Area is part of the Project Green Light Detroit partnering with the Detroit Police Department.
