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33655051
33655068

1528 GRATIOT Avenue, Detroit, MI 48207

KK
MI 6501449129
Real Estate One
Listed by Real Estate One
$1,695,000
288 days on market
Updated 1 day ago
Opportunity zone

1528 GRATIOT Avenue

Details
APN W07I000770S
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Residential (+1)
Square Footage 7,248
Year Built 1907
Acreage 0.040

Mixed Use | 7,248 SqFt

Marketing 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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Listing Contacts

KK
MI 6501449129
Real Estate One
Listed by Real Estate One

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Additional Information

Name
Katherine Kutscher
License
6501449129
Brokerage
KW Metro
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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