MI > Detroit > Mi
Detroit, MI 48207 2794,1528 GRATIOT Avenue
Detroit, MI 48207 2794,1528 GRATIOT Avenue
Detroit, MI 48207 2794,1528 GRATIOT Avenue
Detroit, MI 48207 2794,1528 GRATIOT Avenue
Detroit, MI 48207 2794,1528 GRATIOT Avenue
Detroit, MI 48207 2794,1528 GRATIOT Avenue
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 1,695,000
Est. payment | /mo

7,248 SqFt

Save
$ 1,695,000
Est. payment | /mo
Save

7,248 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,248 sqft

Price per Sqft $233

Subdivision Mi

MLS Listing ID 60380833

Annual Tax Amount $16,632

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 48.00 x 36.00

Property Sub-Type Commercial/Industrial

Property Description

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family,Commercial,Residential

Interior

Heating Forced Air

Building

Foundation Basement

Water Public Water

Structure Type Brick

Others

Ownership Private

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One-Royal Oak
agent-avatar

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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1528 GRATIOT Avenue