1486 Gratiot Avenue Detroit, MI ^$ 1,200,000

1486 Gratiot Avenue

^$ 1,200,000

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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 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 faÃÂ§ade 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.

Commercial Active

Price

^$ 1,200,000

Property Type

Commercial

Taxes

^$ 24,586

Style

Commercial/Industrial

Lot Size

0.16

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60937867

Features

General

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Year Built 19

Subdivision Riopelle Farm S Of Gratiot MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Professional Office Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions Gratiot and Riopelle

City Detroit

Financial Terms Cash Conventional

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;

DOM 76

Postal Code 48207

Price Per Sq Ft Total AG 127.28

Public Remarks 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

Exterior

Exterior Brick

Frontage 65

Lot Size Area 0.16

Lot Dimensions 20.08X25.21

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

vincent@oconnordetroit.com

Affordability Calculator

$9,535

Per Month

Monthly Principal & Interest: $7,486
Monthly Property Taxes: $2,049
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$501,686

Percent of Sale Price 58%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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. The property's zip code is 48207 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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1486 Gratiot Avenue

Commercial Property for sale in Detroit, MI

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