Active
Retail/Medical Space for Sale or Lease - Detroit
11180 Gratiot Ave, Detroit, MI 48213
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Overview
1000’ of frontage on Gratiot Avenue
Value-add opportunity with vacant spaces built out for medical spaces or redevelopment opportunity for office/ retail use
Located directly across from Detroit Police 9th Precinct
Excellent visibility and ample parking
CO-TENANCY:
Gentle Dental (3,850 SF)
Seven-year lease renewal in February 2020
(2) Five-year option periods
2.5% annual increases
Tenant has been in place since 2010
Chiropractor (1,750 SF)
Five-year lease signed November 2022
(1) Five-year option period
Attachments
For Sale
Retail
- Sale Price
- $1,000,000
- Price Per SF
- $53.5/SF
- Building Size
- 18,700 SF
- Acres
- 1.32 ac
- Zoning
- B4 - GENERAL BUSINESS
- Building Class
- C
- Max Contiguous
- 18,700
- Number of Buildings
- 1
- Floors
- 1
- Construction Type
- Framed
- Rentable SF
- 18,700
- Submarket
- Detroit E of Woodward
- Nearest MSA
- Detroit-Warren-Dearborn
- Property Status
- Existing
- County
- Wayne
- Created
- 05/28/2019
- Updated
- 12/18/2024
- Listing ID
- f6133797
- Parcel APN
- 21028813-6