13715 Gratiot AveDetroit, MI 48205

  • Commercial land
  • 1.03 AC

Property Details for 13715 Gratiot Ave

Lot size
1.03 AC
Zone code
B4
Property type
Commercial land
APN
21029026.
APU
21029026

Description

This exceptional 1.03-acre commercial land parcel presents a unique investment opportunity in Detroit, Michigan. Located at 13715 Gratiot Avenue, in Wayne County, this property is zoned for commercial use and is ideally suited for ground lease development. The expansive lot offers significant potential for a variety of commercial ventures, providing ample space for construction and future expansion. The single-tenant designation ensures streamlined management and potential for long-term lease agreements. The property's strategic location on Gratiot Avenue offers excellent visibility and accessibility, ensuring high traffic volume and exposure to a large customer base. With its prime location and substantial size, this land parcel represents a rare chance to acquire a valuable asset in a thriving Detroit market. The property is ready for immediate development, making it an attractive option for investors seeking a high-return opportunity. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to capitalize on the growing commercial landscape of Detroit. The address is verified as 13715 Gratiot Ave, Detroit, MI 48205, with GPS coordinates of 42.4273 latitude and -82.983236 longitude. This property is offered as a ground lease opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,681,186
    Hospitality
    $9,783,909
    Educational
    $8,140,097
    Medical
    $8,420,047
    Retail
    $12,662,373

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4273
Longitude
-82.9834
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$2,416
-
-
$105,300
-
-
-
$210,600

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