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Income Making Sign & Building/ Land 15390 Gratiot Ave

4,400 SF 50% Leased Retail Building Detroit, MI 48205 $249,900 ($57/SF)

Investment Highlights

  • 8 Mile Gratiot corner Across from National Chains
  • 8 Mile & Gratiot has High Volume traffic
  • Sign Lease on Roof Pays Tax and Insurance for building yearly
  • 2,200 Sq Foot Deep basement

Executive Summary

Absolutely wonderful Location and building In a high-demand area, with plenty of national chains across the street, Nicely maintained brick building W/ 2200 ft.² up 2200 ft.² down and a lease with Sign company paying $7000 per year, for a Sign Roof,(pays for the taxes on the building)

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,400 SF
Building Class
C
Year Built
1948
Price
$249,900
Price Per SF
$57
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.09 AC
Zoning
Commercial/Industrial Bui - Retail
Parking
6 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
34 FT on Gratiot Ave

Amenities

  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,200 SF
  • Retail
  • -
  • Now

Street parking for customers and fenced in employee parking.

Space Size Space Use Position Available
1st Floor 2,200 SF Retail - Now

1st Floor

Size
2,200 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 2,200 SF
Space Use Retail
Position -
Available Now

Street parking for customers and fenced in employee parking.

Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

ALDI
Checkers
Rent-A-Center
Fifth Third Bank
Comerica
PNC Bank
Citizens Bank
Krispy Krunchy Chicken
Original Buscemi's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-0284267
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,400
  • Listing ID: 22844508

  • Date on Market: 4/27/2021

  • Last Updated:

  • Address: 15390 Gratiot Ave, Detroit, MI 48205

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