12719 Gratiot AveDetroit, MI 48205

Property Details for 12719 Gratiot Ave

Year built

1925

Lot size

0.11 AC

Property size (Sq ft)

2,672 SF

Zone code

B4

Property type

Theaters & concert halls

APN

21028964.

APU

21028964

Description

This exceptional 4983-square-foot warehouse, located at 12719 Gratiot Ave in Detroit, Michigan, presents a unique investment opportunity. Originally constructed in 1925 and opening as the Franklin Theater in 1926, later becoming the Guild Theater, this historic building is steeped in Detroit's rich past. Currently available for lease, the property is situated in Wayne County, within the 48205 zip code. The building is classified as retail and industrial, with a single-tenant occupancy. It is a significant piece of Detroit's history and is in need of a complete renovation. This presents a compelling opportunity for developers or investors seeking to restore and repurpose a landmark property. The building's substantial size and prime location offer considerable potential for a variety of uses following a comprehensive refurbishment. The property is also available for sale. Interested parties are encouraged to explore the possibilities this unique Detroit landmark offers.

• Alternative Use

  Use

  Valuation

  Residential

  $636,105

  Hospitality

  $582,669

  Educational

  $484,774

  Medical

  $501,446

  Retail

  $754,092

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4197

Longitude

-82.9884

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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