For Sale
$2,999,999

8600 Gratiot Ave Detroit, MI 48213

Profitable Mixed-Use Property, Detroit, MI

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • $2,999,999 asking price for a mixed-use property in Detroit, MI.
  • 1,250 square feet on a 4,700 square foot lot, with a $2,400 per square foot price.
  • Currently operating as a licensed car dealership and car wash, with potential for detailing.
  • Includes one single-story building with two dock-high doors and 10-foot ceilings.
  • Located at 8600 Gratiot Ave, Detroit, MI 48213, with an occupancy date of August 30, 2024.
  • Zoned commercial, owner-user/investor opportunity with broker co-op available.

Property Details for 8600 Gratiot Ave

Property type
Specialty properties, Retail properties
Square Feet
1,250 SF
Buildings
1
Stories
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.384352822667
Longitude
-83.011114837274

FAQs

What type of property is this?
Specialty property - Profitable Mixed-Use Property, Detroit, MI
Where is the specialty property located?
The property is located at 8600 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: $2,999,999 asking price for a mixed-use property in Detroit, MI.; 1,250 square feet on a 4,700 square foot lot, with a $2,400 per square foot price.; Currently operating as a licensed car dealership and car wash, with potential for detailing.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8600 Gratiot Ave
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