15400 Gratiot AveDetroit, MI 48205

For Sale
$199,900

Detroit, MI: Two-unit commercial building, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two commercial buildings totaling 2,213 square feet on a 0.11-acre lot at 15398-15400 Gratiot Ave in Detroit, Michigan. The property, built in 1957, boasts a prime corner location with excellent visibility and high traffic counts, making it ideal for owner-occupancy or as a value-add investment. One building (15400 Gratiot) offers a layout perfect for retail or service businesses, featuring a reception area and five pre-built suites, suitable for boutiques, salons, or professional offices. The second building (15398 Gratiot), previously a successful daycare, provides an open-concept space with a kitchen area, adaptable for childcare, fitness centers, or creative workspaces. Both units benefit from rear access to a gated parking lot and alley, ensuring convenient and secure parking. The property is zoned for commercial, multiple, and office uses, offering significant flexibility. The asking price is $199,900, translating to $101.67 per square foot. This vibrant location borders Eastpointe, providing access to a thriving market. The buildings are currently vacant, presenting a blank canvas for a new business venture or a savvy investor seeking to maximize rental income. This is a rare opportunity to acquire a well-positioned, versatile commercial property in a high-demand area.

Highlights

  • $199,900 asking price for a Class A, vacant, two-unit commercial building.
  • Prime corner location on Gratiot Ave in Detroit, MI with high traffic and excellent exposure.
  • Value-add investment opportunity suitable for owner-occupancy.
  • 15400 Gratiot: 2,213 sq ft with reception area and five pre-built suites, ideal for retail or service businesses.
  • 15398 Gratiot: 2,213 sq ft open-concept layout, previously a daycare, suitable for childcare, fitness, or creative workspaces.
  • Potential to combine both units into a larger space.

Property Details for 15400 Gratiot Ave

Property type
Day care centers & nurseries, Other retail properties
Square Feet
2,213 SF
Class
A
Year Built
1957
Buildings
2
Stories
1
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.448959078522
Longitude
-82.968066883167
15400 Gratiot Ave, Detroit, Michigan

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15400 Gratiot Ave
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