12709 Gratiot AveDetroit, MI 48205
- Retail properties
- 4,229 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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