12709 Gratiot AveDetroit, MI 48205

  • Retail properties
  • 4,229 SF
For Lease
$12/SF/YR View listing

Property Details for 12709 Gratiot Ave

Year built
1949
Lot size
0.11 AC
Property size (Sq ft)
4,229 SF
Zone code
B4
Property type
Retail properties
Property subtype
Auto shops
APN
21028962-3
APU
210289623

Description

This exceptional 5,000-square-foot industrial building, located at 12709 Gratiot Ave in Detroit, Michigan, 48205, presents a unique leasing opportunity. Classified as a Class D property, this single-tenant building offers a blend of retail and industrial space, perfectly suited for manufacturing or warehousing operations. The structure boasts a prime location on a major Detroit thoroughfare, ensuring high visibility and significant foot and vehicle traffic. Constructed of brick, the building is in excellent condition and features a sizable basement, adding valuable storage or operational space. The total square footage encompasses 5,000 square feet, providing ample room for various business needs. While the building is currently available for lease, it's also an attractive option for purchase, offering flexibility to potential investors or owner-operators. This property represents a compelling investment in a dynamic Detroit location, providing immediate access to key transportation routes and a thriving commercial environment. The building's strong structural integrity and desirable location make it an ideal choice for businesses seeking a functional and visible space in the heart of Detroit. Serious inquiries are encouraged to explore this exceptional opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,292,968
    6.5%
    $1,193,509
    7%
    $1,108,258
  • Comparable approach

    Method
    Valuation
    Relative Method
    $996,863
    Geo Method
    $996,863
  • Alternative Use

    Use
    Valuation
    Residential
    $1,006,770
    Hospitality
    $922,196
    Educational
    $767,256
    Medical
    $793,643
    Retail
    $1,193,509
12709 Gratiot Ave, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4196
Longitude
-82.9884
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
$1,670
-
-
$72,200
-
-
-
$144,400

FAQs

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