Mixed Use Investment Opportunity

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30507832
Property Subtypes: Mixed Use, Other
Building Size (RSF): 13,317 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2020

Overview / Comments

Mixed-use Investment Opportunity on Gratiot Avenue, within blocks from the Heidelberg Project, Eastern Market, and Downtown! The site neighbors a new mixed-use development on Mack Ave. Seller began renovating the building for a 1st floor retail / 2nd floor residential apartments; Seller is willing to complete project for new owner. Ludden home is renting for $140/night on Airbnb. Excess land on Elmwood could be used for parking.

Building 1: 12,000 SF
Building 2: 1,317 SF

Building 1 Layout: 1st Floor Retail, Office, Entertainment
2nd Floor Residential, Office, Entertainment

Building 2 Layout: 2 Story Residential - 3 Bedrooms, 1.5 Baths

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 13001809-10
Zoning: B-2 LOCAL BUSINESS & RESIDENTIAL

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,657 119,740 338,483
Median Age: 41.4 37.76 35
Households: 6,116 52,904 130,301

Contact

Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.