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1440 Gratiot Avenue Detroit, MI $ 2,750,000
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$ 2,750,000 Get more info
1440 Gratiot Avenue
$ 2,750,000
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1440 Gratiot Avenue

Detroit, MI, 48207
$ 2,750,000
Bedrooms-- Baths-- Sq 27,657

Monthly Estimate*

$ 17,156

1440 Gratiot Avenue, Detroit, MI 48207 - Image 1
1440 Gratiot Avenue, Detroit, MI 48207 - Image 2
1440 Gratiot Avenue, Detroit, MI 48207 - Image 3
1440 Gratiot Avenue, Detroit, MI 48207 - Image 4
1440 Gratiot Avenue, Detroit, MI 48207 - Image 5
1440 Gratiot Avenue, Detroit, MI 48207 - Image 6
1440 Gratiot Avenue, Detroit, MI 48207 - Image 7

Commercial Property for sale in Detroit, MI

for $2,750,000. This 27,657 square foot building was built in 1922 on a lot size of 0.11.

In a prime location with excellent visibility, this six-story, 27,657-square-foot warehouse on Gratiot Avenue is the perfect property for an adaptive reuse conversion for either creative office space or residential lofts. The current owner has maintained the property and it is development-ready. The open floor plan and high ceilings make this a perfect blank canvas for developers or users looking to be within walking distance of Eastern Market and Downtown Detroit. The 14,000-square-foot parking lot behind the building at 1460 Service Drive is included in the sale. 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

$ 2,750,000

Property Type

Commercial

Taxes

$ 58,624

Style

RealEstateOnly

Lot Size

0.11

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251037965
Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1922
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 FRASERS SUB OF PT OF GUOIN FARM
Garage Y/N N
Status Active
Directions Gratiot and Russell
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily Office Residential
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 58624.0
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 Vacant
Tax Assessed Value 358126
Expected Active Date 2025-09-18
Legal Description S GRATIOT 4 THRU 6 EXC GRATIOT AVE AS WD FRASERS SUB L1 P30 PLATS W C R 7/18 90 X 52
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 27657.0
Lot Dimensions 90X52
Lot Size Acres 0.11
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) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 27657.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 1440
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* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$22,042
Per Month
78%
22%
0%
Monthly Principal & Interest
$17,156
Monthly Property Taxes
$4,885
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$2,750,000 Listed Price

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1440 Gratiot Avenue, Detroit, MI, 48207 is a Commercial Property for sale at $2,750,000 with 27,657 sqft and a lot size of 0.11. 1440 Gratiot Avenue was built in 1922. The property's zip code is 48207 which is in Detroit, MI

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