12719 GRATIOT Avenue Detroit, MI ^$ 40,000

12719 GRATIOT Avenue

^$ 40,000

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Recently Listed

12719 GRATIOT Avenue

Detroit, MI, 48205

^$ 40,000

Bedrooms-- Baths-- Sq 49,823

Monthly Estimate*

^$ 246

12719 GRATIOT Avenue, Detroit, MI 48205 - Image 1

12719 GRATIOT Avenue, Detroit, MI 48205 - Image 2

12719 GRATIOT Avenue, Detroit, MI 48205 - Image 3

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12719 GRATIOT Avenue, Detroit, MI 48205 - Image 6

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Commercial Property for sale in Detroit, MI

for $40,000. This 49,823 square foot building was built on a lot size of 0.11.

Historic Detroit Building Ã¢â¬â 4983 Sq. Ft. Ã¢â¬â For Sale Built in 1925, this historic property originally opened as the Franklin Theater in 1926 before becoming the Guild Theater. In need of a full renovation, it offers an excellent opportunity for developers or investors to restore a significant piece of Detroit's history. This property is also available for lease.

Commercial Active

Price

^$ 40,000

Property Type

Commercial

Taxes

^$ 3,362

Style

Commercial/Industrial

Lot Size

0.11

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60963593

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision GRATIOT HIGHLANDS SUB (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial Industrial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20250031898

Directions Gratiot South-East of McNichols

City Detroit

Financial Terms Cash

Legal Description N GRATIOT AVE 5 BLK C--GRATIOT HIGHLANDS SUB L29 P64 PLATS W C R 21/446 40 X 130

DOM 2

Postal Code 48205

Price Per Sq Ft Total AG 0.8

Public Remarks Historic Detroit Building Ã¢â¬â 4983 Sq. Ft. Ã¢â¬â For Sale Built in 1925

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.11

Lot Dimensions 40.00 x 130.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Dairek Yaldoo

Listing Agent

Keller Williams Home

Broker

dyaldoo@kw.com

Affordability Calculator

$526

Per Month

Monthly Principal & Interest: $246
Monthly Property Taxes: $280
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 6.25% 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 ^$456,103

Percent of Sale Price 1,040%

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
1/14/2026	$40,000		Listed Price

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12719 GRATIOT Avenue, Detroit, MI, 48205 is a Commercial Property for sale at $40,000 with 49,823 sqft and a lot size of 0.11. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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12719 GRATIOT Avenue

Commercial Property for sale in Detroit, MI

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