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Mixed Use Income Producing Building For Sale
3317-3323 Gratiot Ave Detroit, MI 48207
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Overview
Mixed-use, income producing, property for sale located at the corner of Gratiot Avenue and Mack Avenue, immediately north of Downtown Detroit. This property consists of 1st floor retail/office space, 4 apartment units (Two-Bedroom x2, Studio x2) on the 2nd floor. Apartment units are fully occupied; 1st floor retail space, is available for lease. Building has new plumbing, electrical, doors, and windows throughout, and roof is in good condition. Seller financing available.
Attachments
For Sale
Other
- Sale Price
- $800,000
- Price Per SF
- $116.4/SF
- Cap Rate
- 3.45%
- Building Size
- 6,875 SF
- Acres
- 0.15 ac
- Zoning
- B4
- Gross Income
- $39,900
- Net Operating Income
- $27,600
- Number of Buildings
- 1
- Floors
- 2
- Year Built
- 1911
- Construction Siding
- Brick
- Construction Type
- Masonry
- Submarket
- Detroit E of Woodward
- Property Status
- Existing
- Lot Size
- 51' x 126'
- County
- Wayne
- Created
- 2025-07-23
- Updated
- 2025-07-23
- Listing ID
- 50a1d142
- Parcel APN
- 13001834.