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11180 Gratiot Ave
Detroit, MI 48213

Retail Property For Sale

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Investment Highlights

Conveniently located at the intersection of Gratiot Avenue and Gunston Avenue, close to public transportation and major roads
Situated near key community landmarks, including the Detroit Police Department and Coleman A. Young International Airport

Suitable for various commercial purposes, including dental and medical offices, with existing infrastructure for healthcare services

Executive Summary

For Sale or Lease. Possible redevelopment opportunity available with 1000’ of frontage on Gratiot Avenue. Current spaces are Great move-in ready medical spaces that could be conjoined to fit user’s needs. This is an opportunity to join a successful dentistry practice in neighboring space within the building. Located directly across from Detroit Police 9thPrecinct, this location offers excellent visibility from Gratiot and ample parking. Landlord is in the process of renovating the buildings exterior.

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

18,700 SF

Building Class

Year Built/Renovated

1948/2004

Price

£801,500

Price Per SF

£43

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.35

Lot Size

1.24 AC

Zoning

B-4 - General Business District

Parking

58 Spaces (2.9 Spaces per 1,000 SF Leased)

Frontage

536 ft on Gratiot Ave

PROPERTY TAXES

Parcel Number	21-0288136	Improvements Assessment	£0
Land Assessment	£0	Total Assessment	£527,467

PROPERTY TAXES

Parcel Number

21-0288136

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£527,467

Listing ID: 16186301
Date on Market: 30/05/2019
Last Updated:
Address: 11180 Gratiot Ave, Detroit, MI 48213

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