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12719 GRATIOT Avenue Detroit, MI $ 40,000
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12719 GRATIOT Avenue
$ 40,000
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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
12719 GRATIOT Avenue, Detroit, MI 48205 - Image 4
12719 GRATIOT Avenue, Detroit, MI 48205 - Image 5
12719 GRATIOT Avenue, Detroit, MI 48205 - Image 6

Commercial Property for sale in Detroit, MI

for $40,000. This 49,823 square foot building was built in 1925 on a lot size of 0.11.

Historic Detroit Building – 4983 Sq. Ft. – 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.

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Commercial Active

Price

$ 40,000

Property Type

Commercial

Taxes

$ 3,362

Style

RealEstateOnly

Lot Size

0.11

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261002786
Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1925
Levels One
Property Subtype RealEstateOnly
Current Use Automotive Commercial MixedUse Office Service Vacant
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name GRATIOT HIGHLANDS SUB (PLATS)
Garage Y/N N
Status Active
Directions Gratiot South-East of McNichols
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial LightIndustry
MLS Area Area05054Det8ToGratiotHoustonTo7
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3362.0
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 38697
Expected Active Date 2026-01-14
Legal Description N GRATIOT AVE 5 BLK C--GRATIOT HIGHLANDS SUB L29 P64 PLATS W C R 21/446 40 X 130
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 49823.0
Lot Dimensions 40.00 x 130.00
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) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 49823.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 12719
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* Excluded Features
List By
Dairek Yaldoo

Listing Agent

Keller Williams Home

Broker

(248) 275-7291

Phone

Affordability Calculator

$526
Per Month
47%
53%
0%
Monthly Principal & Interest
$246
Monthly Property Taxes
$280
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
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. 12719 GRATIOT Avenue was built in 1925. The property's zip code is 48205 which is in Detroit, MI

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