Listed by O'Connor Real Estate
$1,200,000
1486 Gratiot
Details
Property Type Retail, Office
Sub Type Creative Office, Commercial
Square Footage 9,428
Cap Rate 11.43%
NOI $137,136
Occupancy 100%
Tenancy Multi
Brand/Tenant Handcar, Flowers for Dreams
Rent Bumps No
Broker Co-Op Yes
Year Built 1925
Stories 2
Acreage 0.012
Zoning B4
Investment Type Stabilized
Occupancy Date 09/26/2025
Ground Lease No
1486 Gratiot - Eastern Market
Marketing description
This two-story, 9,428-square-foot mixed-use building near Eastern Market is fully occupied by Flowers for Dreams (5,395 SF) and Handcar (4,033 SF).
Featuring a distinctive façade and interior courtyard, the property has benefited from significant ownership investment in MEP systems and exterior improvements. Within walking distance of Eastern Market and Downtown Detroit, it offers investors a stable, cash-flowing asset.
Investment highlights
- Stable cash-flowing asset
- Located in Detroit's vibrant Eastern Market
- 100% occupancy with established tenants
- Proximity to downtown Detroit and Eastern Market attractions
- Significant investments in interior and exterior improvements
- Tenants: Handcar and Flowers for Dreams
Listing Contacts
Listed by O'Connor Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,136.00
$11,428.00/mo
Valuation Metrics
0
DSCR
11.43%
Cap Rate
11.43%
ROI
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