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1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
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$1,695,000

1528 GRATIOT Avenue

7,248 Sq.Ft. 1,742.4 Sq.Ft.

Description

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering.

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Location

1528 GRATIOT Avenue, Detroit City Wayne, Michigan 48207

Status

For Sale
Katie Kutscher

Katie Kutscher

TITLE

Real Estate Advisor | Woodward Corridor

Property Amenities

Area & Lot
Total area 7,248 Sq.Ft.
Lot Area 1,742.4 Sq.Ft.
Living area 7,248 Sq.Ft.
MLS® ID 20251032927
Year Built 1907
School District Detroit
Type Commercial
Status For Sale
Exterior
Heat type Forced Air
Water Source Public
Security Features Fire Sprinkler System
Sewer Public Sewer
Parking On Street
Finance
Sales Price $1,695,000
Real Estate Tax $16,632 yearly
1528 GRATIOT Avenue
1528 GRATIOT Avenue
1528 GRATIOT Avenue
"Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area."

— K&K Real Estate Group

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Schedule a Showing

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Thank you for your interest in 1528 GRATIOT Avenue, Detroit City Wayne, Michigan 48207. We are reviewing your request and will be in touch shortly!

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