Income Making Sign & Building/ Land | 15390 Gratiot Ave
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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
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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 21-0284267 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $48,400 |
PROPERTY TAXES
Parcel Number
21-0284267
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,400
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Income Making Sign & Building/ Land | 15390 Gratiot Ave
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