Detroit, MI 48207,1528 GRATIOT AVE
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Detroit, MI 48207,1528 GRATIOT AVE
Detroit, MI 48207,1528 GRATIOT AVE
Detroit, MI 48207,1528 GRATIOT AVE
Detroit, MI 48207,1528 GRATIOT AVE

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Larry Else

Larry Else

+1(313) 315-3215
$ 1,695,000
Est. payment /mo
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1528 GRATIOT AVE Detroit, MI 48207

7,248 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 7,248 sqft

Price per Sqft $233

Subdivision Plat Of A Dequindre Farm Sec 26 (Also P717-8 Cr)

MLS Listing ID 20251032927

Year Built 1907

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type RealEstateOnly

Property Description

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering.

Location

State MI

County Wayne

Area Area05053Detwoodwardmcclellansomack

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features OnStreet

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Katherine Kutscher of Real Estate One-Royal Oak

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 7

    Hamtramck Academy

    Public | KG - 8

  • 7

    Detroit Edison Public School Academy

    Public | PK - 12

  • 6

    Hanley International Academy

    Public | PK - 8

  • 6

    Oakland International Academy-Middle

    Public | 5 - 8

  • 6

    Hutchinson Elementary-Middle School at Howe

    Public | PK - 8

  • 5

    Cesar Chavez Academy Intermediate School

    Public | 3 - 5

  • 5

    Hope of Detroit Academy

    Public | KG - 8

  • 5

    Burton International Academy

    Public | PK - 8

  • 5

    New Paradigm Loving Academy

    Public | KG - 8

  • 5

    Davidson Elementary-Middle School

    Public | PK - 8

  • 5

    Golightly Education Center

    Public | PK - 8

  • 5

    Dickinson East Elementary School

    Public | KG - 6

  • 5

    Bridge Academy - Elementary School

    Public | PK - 5

  • 5

    Chrysler Elementary School

    Public | KG - 5

  • 5

    Chrysler Elementary School

    Public | KG - 5

  • 5

    Bunche Preperatory Academy

    Public | PK - 8

  • 5

    A. L. Holmes Academy of Blended Learning

    Public | PK - 8

  • 5

    Detroit Enterprise Academy

    Public | KG - 8

  • 4

    Voyageur Academy

    Public | KG - 4

  • 4

    New Paradigm Glazer Academy

    Public | KG - 8

Middle Schools 15
  • 6

    Bridge Academy West

    Public | 6 - 8

  • 5

    University Preparatory Science and Math (PSAD) Middle School

    Public | 6 - 8

  • 5

    Frontier International Academy

    Public | 6 - 12

  • 4

    Cesar Chavez Middle School

    Public | 6 - 8

  • 4

    Henry Ford Academy: School for Creative Studies (PSAD)

    Public | 6 - 12

  • 4

    Kosciuszko School

    Public | 7 - 8

  • 3

    University Preparatory Academy (Psad) - Middle School

    Public | 6 - 8

  • 1

    Clippert Academy

    Public | 6 - 8

  • 1

    Douglass Academy for Young Men

    Public | 6 - 12

  • 1

    Detroit Academy of Arts and Sciences Middle School

    Public | 6 - 8

  • 0

    Ace Academy (Seventy-Day Adventist) - Lincoln Center

    Public | 6 - 12

  • 0

    Catherine Ferguson Academy

    Public | 7 - 12

  • 0

    Winans Academy Middle School

    Public | 6 - 8

  • 0

    Eastside Detroit Lions Academy

    Public | 6 - 8

  • 0

    Wolverine Academy (Seventy-Day Adventist) - Lenox Site

    Public | 6 - 12

High Schools 20
  • 7

    Cass Technical High School

    Public | 9 - 12

  • 5

    Cesar Chavez High School

    Public | 9 - 12

  • 4

    University Preparatory Academy (Psad)-High School

    Public | 9 - 12

  • 4

    University Preparatory Science and Math (PSAD) High School

    Public | 9 - 12

  • 4

    Davis Aerospace High School

    Public | 9 - 12

  • 3

    Detroit School of Arts

    Public | 9 - 12

  • 3

    Hamtramck High School

    Public | 9 - 12

  • 3

    Dr. Benjamin Carson School for Science and Medicine

    Public | 9 - 11

  • 3

    Martin Luther King Jr. Senior High School

    Public | 9 - 12

  • 2

    Western International High School

    Public | 9 - 12

  • 1

    Central Academy and High School

    Public | 9 - 12

  • 1

    Detroit Collegiate Preparatory High School at Northwestern

    Public | 9 - 12

  • 1

    Detroit Collegiate Preparatory High School @ North

    Public | 9 - 12

  • 1

    Covenant House Academy Detroit -Central Site

    Public | 9 - 12

  • 1

    Perishing High School

    Public | 9 - 12

  • 1

    Osborn High School

    Public | 9 - 12

  • 1

    Southeastern High School

    Public | 9 - 12

  • 1

    Denby High School

    Public | 9 - 12

  • 0

    Hope of Detroit Academy Consortium High School

    Public | 9 - 12

  • 0

    George Crockett Consortium High School

    Public | 9 - 12

School and business data provided by Attom Data.
Larry Else

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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