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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1440 Gratiot Ave , Detroit, MI 48207
$2,750,000
Est. Payment: $6,111.11/mo
0 Bed
0 Bath
27657 Sqft
Status: Active | Days on site: 134
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432270 - 387170
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

In a prime location with excellent visibility, this six-story, 27,657-square-foot warehouse on Gratiot Avenue is the perfect property for an adaptive reuse conversion for either creative office space or residential lofts. The current owner has maintained the property and it is development-ready. The open floor plan and high ceilings make this a perfect blank canvas for developers or users looking to be within walking distance of Eastern Market and Downtown Detroit. The 14,000-square-foot parking lot behind the building at 1460 Service Drive is included in the sale. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale. Proof of funds required for all tours.
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Highlights

Listed by Vincent Mazzola , O'Connor Realty Detroit, LLC , 313-963-9891.

Property Type

Commercial Sale
Lot/Acreage
0.11

Year Built

1922

County

Wayne

 School District

Detroit

Listing ID

20251037965

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features
Principal Interest
$6,111
Taxes
$4,885

Home Price

$2,750,000

Loan Details

30 yrs
%

Down Payment

20%
$550,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,111.11 $4,885.33 $0.00 $10,996.44
Yearly $73,333.33 $58,624.00 $0.00 $131,957.33
Total $2,200,000.00 $1,758,720.00 $0.00 $3,958,720.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.