For Sale
$3,602,208

1920 Gratiot Ave Detroit, MI 48207

Prime 4.34-acre Detroit site

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 4.34-acre parcel, encompassing two potentially separate lots (APN: 09001303-4, 09001300-2), presents a unique development opportunity at the gateway to Detroit's vibrant Eastern Market and downtown core. Situated at 1920 Gratiot Ave, Detroit, MI 48207, this strategically located land boasts frontage on Gratiot Avenue, St. Aubin, and direct access to the Dequindre Cut Greenway, a two-mile recreational path connecting to the Detroit Riverwalk. The property's B2, B4, and R3 zoning permits a diverse range of commercial and residential uses, catering to the area's growing demand for housing. Its prime location offers unparalleled visibility and accessibility, surrounded by thriving businesses including Eastern Market, Supino Pizza, Trinosophes, People's Records, Vivio's Food & Spirits, Detroit City Distillery, Cairo Coffee, Motown Bistro, Bert's Marketplace, Detroit Hustles Harder, Eastern Market Brewing, Germack, Beyond Juicery, Collect Beer Bar, and Bunny Bunny. The site's proximity to the Dequindre Cut and its location within a Qualified Opportunity Zone further enhance its investment appeal. This property is ideal for phased development or two distinct projects, offering flexibility for investors seeking a high-impact development in a rapidly revitalizing area of Detroit. The asking price is $3,602,208. The lot size ranges from 2.08 to 4.34 acres.

Highlights

  • Prime Eastern Market location, surrounded by thriving businesses including Supino Pizza, Trinosophes, and more.
  • Direct access to the Dequindre Cut Greenway.
  • Situated in a designated Opportunity Zone.
  • Two parcels available, offering flexibility for individual or combined purchase.

Property Details for 1920 Gratiot Ave

Property type
Land
Lot Size (sq. ft)
90,605 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.346869
Longitude
-83.0348829

FAQs

What type of property is this?
Land - Prime 4.34-acre Detroit site
Where is the land located?
The property is located at 1920 Gratiot Ave Detroit, MI.
What is the asking price?
The asking price for this property is $3,602,208.
What are key features of this property?
This property features: Prime Eastern Market location, surrounded by thriving businesses including Supino Pizza, Trinosophes, and more.; Direct access to the Dequindre Cut Greenway.; Situated in a designated Opportunity Zone.
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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1920 Gratiot Ave
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