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1486 Gratiot Avenue Detroit, MI $ 1,200,000
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$ 1,200,000 Get more info
1486 Gratiot Avenue
$ 1,200,000
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Share Save

1486 Gratiot Avenue

Detroit, MI, 48207
$ 1,200,000
Bedrooms-- Baths-- Sq 9,428

Monthly Estimate*

$ 7,486

1486 Gratiot Avenue, Detroit, MI 48207 - Image 1
1486 Gratiot Avenue, Detroit, MI 48207 - Image 2
1486 Gratiot Avenue, Detroit, MI 48207 - Image 3
1486 Gratiot Avenue, Detroit, MI 48207 - Image 4
1486 Gratiot Avenue, Detroit, MI 48207 - Image 5
1486 Gratiot Avenue, Detroit, MI 48207 - Image 6
1486 Gratiot Avenue, Detroit, MI 48207 - Image 7
1486 Gratiot Avenue, Detroit, MI 48207 - Image 8
1486 Gratiot Avenue, Detroit, MI 48207 - Image 9
1486 Gratiot Avenue, Detroit, MI 48207 - Image 10

Commercial Property for sale in Detroit, MI

for $1,200,000. This 9,428 square foot building was built in 1950 on a lot size of 0.16.

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. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale. Proof of funds required for all tours.

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 24,586

Style

RealEstateOnly

Lot Size

0.16

Year Built

1950

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251037934
Features
General
Sewer PublicSewer
Possession SubjectToTenantRights
Garage Spaces 0.0
Construction Materials Brick
Year Built 1950
Property Subtype RealEstateOnly
Current Use Office Retail
County Wayne
Net Operating Income 137136.0
Operating Expense 52125.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name RIOPELLE FARM S OF GRATIOT
Garage Y/N N
Status Active
Directions Gratiot and Riopelle
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Office
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 24586.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 149446
Expected Active Date 2025-09-18
Legal Description S GRATIOT LOTS 211 & W 20.08 FT 215 EXC GRATIOT AVE AS WD SUB OF RIOPELLE FARM L35 P483 DEEDS W C R 7/17 20.08 IRREG 6741 SQ FT COMBINED ON 12/12/2023 FROM 07000773. 07000733-39;
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 9428.0
Lot Dimensions 20.08X25.21
Lot Size Acres 0.16
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 9428.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 1486
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* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$9,535
Per Month
79%
21%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$2,049
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
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/18/2025$1,200,000 Listed Price

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1486 Gratiot Avenue, Detroit, MI, 48207 is a Commercial Property for sale at $1,200,000 with 9,428 sqft and a lot size of 0.16. 1486 Gratiot Avenue was built in 1950. The property's zip code is 48207 which is in Detroit, MI

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