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

Detroit, MI, 48207
$ 1,695,000
Bedrooms-- Baths-- Sq 7,248

Monthly Estimate*

$ 10,575

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Commercial Property for sale in Detroit, MI

for $1,695,000. This 7,248 square foot building was built on a lot size of 0.04.

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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Commercial Active

Price

$ 1,695,000

Property Type

Commercial

Taxes

$ 16,632

Style

Commercial/Industrial

Lot Size

0.04

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60933187

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Year Built 19
Subdivision PLAT OF A DEQUINDRE FARM SEC 26 (ALSO P717-8 CR) MI
Water Heater Gas
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Multi-Family Commercial Residential
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions W of Russell/S of Fisher Fwy
City Detroit
Financial Terms Cash Conventional
Legal Description S GRATIOT S 50 FT ON E LINE BG S 22.43 FT ON N W LINE OF E 48.24 FT ON GRATIOT AVE AS WD OF 41 BLK 25 PLAT OF ANTOINE DEQUINDRE FARM L10 P716-7-8 CITY RECORDS WCR 7/1 48.24 X 36.41 A
DOM 91
Postal Code 48207
Price Per Sq Ft Total AG 233.86
Public Remarks 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
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Exterior
Exterior Brick
Frontage 48
Lot Size Area 0.04
Lot Dimensions 48.00 x 36.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Katherine Kutscher

Listing Agent

Real Estate One-Royal Oak

Broker

klkwrealestate@gmail.com

Email

Affordability Calculator

$11,961
Per Month
88%
12%
0%
Monthly Principal & Interest
$10,575
Monthly Property Taxes
$1,386
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2025$1,695,000 Listed Price

Map


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1528 GRATIOT Avenue, Detroit, MI, 48207 is a Commercial Property for sale at $1,695,000 with 7,248 sqft and a lot size of 0.04. The property's zip code is 48207 which is in Detroit, MI