14987 Gratiot Avenue Detroit, MI ^$ 625,000

14987 Gratiot Avenue

^$ 625,000

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14987 Gratiot Avenue

Detroit, MI, 48205

^$ 625,000

Bedrooms-- Baths-- Sq 1,472

Monthly Estimate*

^$ 3,848

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Commercial Property for sale in Detroit, MI

for $625,000. This 1,472 square foot building was built in 1947 on a lot size of 0.37.

Profitable restaurant with drive through and building in a great location! Features: walk-in cooler, ice machine, printer in the office, new A/C unit, new paint, 75 seats in dining room, and 2 bathrooms! Equipment list is available in the MLS. Open to land contract with a minimum of $150,000 down. Interest rate and term negotiable. Schedule your showing today! You won't want to miss this opportunity!

Commercial Active

Price

^$ 625,000

Property Type

Commercial

Taxes

^$ 7,618

Style

Business

Lot Size

0.37

Year Built

1947

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50198725

Features

General

Heating Forced Air

Cooling Central A/C

Water Public Water

Status Active Active

Year Built 1947

Parking 21+ Spaces

Subdivision Mohican Heights MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Business

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Commercial Features Public Restrooms

Area Detroit (82001)

Primary City Detroit

City Detroit

Financial Terms Cash Commercial Loan Land Contract

Legal Description N GRATIOT 34 THRU 40MOHICAN HEIGHTS SUB L58 P51 PLATS W C R 21/914 167.66 X 113.29

DOM 1

Postal Code 48205

Price Per Sq Ft Total AG 424.59

Public Remarks Profitable restaurant with drive through and building in a great location! Features: walk-in cooler ice machine printer in the office new A/C unit new paint 75 seats in dining room

Exterior

Lot Size Area 0.37

Lot Dimensions 16 117

Well/Septic Inspection Done No

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Eric Broesamle

Listing Agent

Next Level Realty Llc

Broker

ebroesamle@gmail.com

Affordability Calculator

$4,483

Per Month

Monthly Principal & Interest: $3,848
Monthly Property Taxes: $635
Monthly Home Insurance: --

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Loan Term

Interest Rate

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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 ^$445,008

Percent of Sale Price 29%

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
2/3/2026	$625,000		Listed Price

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14987 Gratiot Avenue, Detroit, MI, 48205 is a Commercial Property for sale at $625,000 with 1,472 sqft and a lot size of 0.37. 14987 Gratiot Avenue was built in 1947. 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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14987 Gratiot Avenue

Commercial Property for sale in Detroit, MI

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