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Listed price in listed location currency (USD).
$1,695,000

000

MLS® 20251032927

Overview

Key Facts

Type 
Levels Commercial Sale
Size 7248 sqft
Garage 
Taxes $16,632
Days Active 271
Lot Size 
Approx. Age 1907
Avg. Price Per Sqft $233
MLS® Number 20251032927

Property Address: 1528 Gratiot Ave, Detroit, MI, 48207-2794

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20251032927
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1907
Basement
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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