6455 Gratiot AveDetroit, MI 48207

Property Details for 6455 Gratiot Ave

Year built

1989

Lot size

1.80 AC

Property size (Sq ft)

6,836 SF

Zone code

M4

Property type

Medical offices

Property subtype

Medical centers

APN

15000369-70

APU

1500036970

Description

This exceptional 2,300 square foot medical office space is available for immediate lease within a larger 6,836 square foot building situated on a 1.8-acre lot. Located in a prime location offering unparalleled access to major freeways including John Lodge, I-94, and I-75, this property provides convenient connectivity to Downtown Detroit, Midtown, Eastern Market, Ford Field, and major casinos. The building, originally constructed in 1989 and recently renovated in 2024, currently houses a single tenant, with this 2,300 square foot space representing the only available unit. The space is ideal for medical practices or retail businesses and is easily adaptable to various needs. A tenant improvement (TI) allowance is available to assist with customizing the space to perfectly suit your operational requirements. The minimum divisible space is 2,300 square feet, and the maximum contiguous space available is also 2,300 square feet. This presents a unique opportunity to establish a presence in a thriving area with excellent visibility and accessibility. The property's strategic location and recent renovations make it an attractive option for businesses seeking a modern and well-connected space. This is a single-suite building, offering a unique and private environment for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,611,360

  6.5%

  $1,487,410

  7%

  $1,381,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,439

  Geo Method

  $639,439

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,803,710

  Retail / Commercial

  $1,462,130

  Mixed-Use / Specialty

  $1,476,150

  Hospitality / Lodging

  $1,108,040

  Institutional / Educational

  $1,541,470

  Residential Income

  $1,803,520

  Multifamily

  $2,056,440

  Automotive / Energy

  $1,321,260

  Parking / Income-Based Land

  $436,952

  Restaurant / Food Service

  $808,798

  Healthcare / Senior Housing

  $1,494,040

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3674

Longitude

-83.0232

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].