3323 Gratiot AveDetroit, MI 48207

Property Details for 3323 Gratiot Ave

Year built

1911

Lot size

0.15 AC

Property size (Sq ft)

6,875 SF

Zone code

B4

Property type

Office buildings

APN

13001834.

APU

13001834

Description

This exceptional 3,000 square foot commercial space is situated at the highly visible corner of Gratiot Avenue and Mack Avenue in Detroit, Michigan. The property is part of a larger 6,875 square foot building, offering a single-tenant occupancy in a one-story structure. The space will be delivered "white-boxed," providing a blank canvas for customization to suit a variety of business needs. Its versatile zoning (B4: General Business District) allows for numerous uses, including executive offices, creative office spaces, fitness centers, coffee shops, churches, or daycare facilities. The location offers unparalleled convenience, with proximity to the vibrant Eastern Market, Downtown Detroit, and easy access to I-75. Dedicated parking is available on-site, addressing a key concern for both employees and customers. The Wayne County property (APN 13001834) presents a unique opportunity for businesses seeking a high-profile location in a rapidly developing area of Detroit. This is an ideal space for a business looking to establish a strong presence in a dynamic and accessible location. The property's flexibility and prime location make it a compelling investment opportunity. Contact us for additional details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,403,800

  6.5%

  $1,295,816

  7%

  $1,203,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $643,088

  Geo Method

  $643,088

• Alternative Use

  Use

  Valuation

  Residential

  $1,606,812

  Hospitality

  $1,471,831

  Educational

  $1,224,546

  Medical

  $1,266,660

  Retail

  $1,904,849

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3594

Longitude

-83.0279

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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