8121 Gratiot AveDetroit, MI 48213

For Sale
$295,000

Prime Detroit location, 2,508 SF bank building.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,508-square-foot commercial building located at 8121 Gratiot Avenue in Detroit, Michigan, 48213. The property, built in 1971, is a single-story, Class C building situated on a 0.42-acre lot. Currently operating at 100% occupancy, this former bank branch offers significant potential for various retail or industrial uses. The building features a 12-foot ceiling height, providing ample vertical space. Zoned B-4, the property benefits from ample parking. The asking price is $295,000, translating to $117.62 per square foot. This represents a compelling investment opportunity in a high-traffic area of Detroit. The property's size, location, and existing infrastructure make it an ideal candidate for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this well-positioned Detroit property. The building's single-tenancy status offers a streamlined ownership experience. Its history as a bank branch suggests a solid foundation and potential for adaptive reuse. The property's location on Gratiot Avenue provides excellent visibility and accessibility.

Highlights

  • 2,508 square feet available.
  • 12' clear ceiling height.
  • Former bank branch, ideal for adaptive reuse.
  • Ample parking.
  • Sale price: $295,000 ($117.62/sq. ft.).

Property Details for 8121 Gratiot Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,508 SF
Class
C
Year Built
1971
Buildings
1
Stories
1
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3803058
Longitude
-83.0140231
8121 Gratiot Ave, Detroit, Michigan

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8121 Gratiot Ave
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