10570 Gratiot AveDetroit, MI 48213

For Sale
$1,550,000

Three-building industrial site, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Detroit industrial property offers a unique investment opportunity encompassing three buildings totaling 53,240 square feet on a 3.74-acre lot. The property is zoned M3 and boasts high visibility commercial frontage on Gratiot Avenue. Building 1, a 24,240 square foot structure, combines retail/office/warehouse space with three loading docks, overhead doors, and upstairs office areas. Building 2 is an 8,000 square foot garage building featuring multiple overhead doors on both the front and rear. Building 3, a 21,000 square foot warehouse, includes two loading docks, an overhead door, a racking system, a fully sprinklered system, and is described as extra clean with a small office area. The property features a large, fenced, and gated yard providing ample customer parking. Key advantages include proximity to I-94 and Conner Avenue, adjacency to an active rail line with potential spur line access, and location next to a brand new 650,000 square foot Lear facility and a 2-acre city-owned industrial site currently available. The property also benefits from its close proximity to the City Airport. All buildings are in excellent condition and feature newer roofing. The asking price is $1,550,000, or $29.11 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial complex with significant potential.

Highlights

  • Rare opportunity: 53,240 SF industrial warehouse on 3.75 acres with commercial frontage.
  • $1,550,000 asking price ($29.11/SF).
  • Three buildings totaling 53,240 SF: Building 1 (24,240 SF retail/office/warehouse), Building 2 (8,000 SF garage), and Building 3 (21,000 SF warehouse).
  • Excellent condition with newer roofing.
  • Large fenced and gated yard with ample customer parking.
  • High-visibility Gratiot Ave. frontage, near I-94 and Conner Ave.

Property Details for 10570 Gratiot Ave

Property type
Other warehouses, Other retail properties
Square Feet
53,240 SF
Buildings
3
Lot Size (sq. ft)
162,914 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.400741751442
Longitude
-83.000058734121
10570 Gratiot Ave, Detroit, Michigan

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10570 Gratiot Ave
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