1494 Gratiot Avenue Detroit, MI $ 600,000
1494 Gratiot Avenue
$ 600,000
Share Save

1494 Gratiot Avenue

Detroit, MI, 48207
$ 600,000
Bedrooms-- Baths-- Sq 2,930

Monthly Estimate*

$ 3,743

1494 Gratiot Avenue, Detroit, MI 48207 - Image 1
1494 Gratiot Avenue, Detroit, MI 48207 - Image 2
1494 Gratiot Avenue, Detroit, MI 48207 - Image 3
1494 Gratiot Avenue, Detroit, MI 48207 - Image 4
1494 Gratiot Avenue, Detroit, MI 48207 - Image 5
1494 Gratiot Avenue, Detroit, MI 48207 - Image 6
1494 Gratiot Avenue, Detroit, MI 48207 - Image 7
1494 Gratiot Avenue, Detroit, MI 48207 - Image 8
1494 Gratiot Avenue, Detroit, MI 48207 - Image 9

Commercial Property for sale in Detroit, MI

for $600,000. This 2,930 square foot building was built in 1918 on a lot size of 0.03.

Located on a prime, highly visible corner of Gratiot’s commercial corridor, this two-story, 2,930-square-foot mixed-use building is the perfect investment property. The property is fully occupied and anchored by neighborhood staple, La Ventana Cafe. Ownership has invested significantly into the building’s MEP systems as well as the distinctive facade. This opportunity provides investors with a stable, cashflowing asset within walking distance of Eastern Market and Downtown Detroit. 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.

See more

Commercial Active

Price

$ 600,000

Property Type

Commercial

Taxes

$ 5,532

Style

RealEstateOnly

Lot Size

0.03

Year Built

1918

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251037963

Features
General
Sewer PublicSewer
Possession SubjectToTenantRights
Garage Spaces 0.0
Construction Materials Brick
Year Built 1918
Property Subtype RealEstateOnly
Current Use MixedUse
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
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 MultiFamily
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5532.0
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 32634
Expected Active Date 2025-09-18
Legal Description S GRATIOT 216 EXC GRATIOT AVE AS WD SUB OF RIOPELLE FARM L35 P483 DEEDS W C R 7/17 38.07 IRREG
See more
Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 2930.0
Lot Dimensions 39x39
Lot Size Acres 0.03
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 2930.0
Above Grade Finished Area Unit Type SquareFeet
See more
Internal Only
Street Number 1 1494
See more
* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$4,204
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$461
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2025$600,000 Listed Price

Map


See all

1494 Gratiot Avenue, Detroit, MI, 48207 is a Commercial Property for sale at $600,000 with 2,930 sqft and a lot size of 0.03. 1494 Gratiot Avenue was built in 1918. The property's zip code is 48207 which is in Detroit, MI