Mixed Use Development Under Construction

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30507832
Property Subtypes: Mixed Use
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $1,000,000
Unit Price: $83.33 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/11/2020

Overview / Comments

Mixed-use Investment Opportunity on Gratiot Avenue, within blocks from the Heidelberg Project, Eastern Market, and Downtown! This site also neighbors a new mixed-use developments on Mack Ave. Current owner has begun renovating the building for a 1st floor retail / 2nd floor residential apartments. This is a great real estate investment to be apart of the resurgence in Detroit!

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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,138 120,259 338,483
Median Age: 42.05 37.73 35
Households: 6,473 53,128 130,301

Contact

Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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