12719 Gratiot AveDetroit, MI 48205

This exceptional mixed-use property, located at 12719 Gratiot Ave, Detroit, MI 48205, presents a unique investment opportunity. The 4,983 square foot building, situated on a 0.11-acre lot, boasts a rich history, originally opening as the Franklin Theater in 1926 and later operating as the Guild Theater. Currently zoned COMMARIL, this Class D building is fully occupied and offers a versatile layout suitable for a variety of uses, including auto shop, convenience store, and grocery store. Built in 1925, the structure requires a complete renovation, providing developers and investors the chance to revitalize a significant piece of Detroit's heritage. The property's prime location in Wayne County offers excellent visibility and accessibility. While currently listed for sale for $1, lease options are also available. This is a rare chance to acquire a substantial property with immense potential in a thriving urban area. The building's size and zoning provide flexibility for a range of redevelopment projects, capitalizing on the growing demand for commercial space in Detroit.