1428 Gratiot Avenue

    Detroit, MI 48207
    • $1,349,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 218119051
    UPDATED: 236 min ago
    $1,349,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,075
      SQFT
    • $266
      $/SQFT
    Type:
    Commercial
    Built:
    1932
    County:
    Zoning: Commercial,Residential
    Lot Size Dimensions: 51 X 52 X 51 X 52

    School Ratings & Info

    School District:

    Description

    Gorgeous Art-Deco mixed-use building for sale on the edge of Eastern Market and Downtown Detroit. Sale includes two buildings; a single story and two-story that have been opened up on the first floor to create a fully operational restaurant and bar. Formerly Antietam restaurant, the space has a new operator tenant with a 3-year lease. The second floor is a 2-bedroom, 1-bath apartment with private entrances in the front and rear. This spaces is also currently leased. Total income over 8.5K/month. Pro forma attached to the listing docs. Call today to schedule a private tour.

    Monthly Payment Calculator

    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-21T23:56:17.023.
    www.detroitmetrorealestate.com/homes/90156051

    1428 Gratiot Avenue Detroit, MI 48207

    • Price: $1,349,000
    • Status: Active
    • Updated: 236 min ago
    • ID#: 218119051
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,075
    SQFT
    $266
    $/SQFT
    1932
    Built
    Neighborhood:
    Det Woodward-Mcclellan/So Mack
    County:
    Wayne
    Area:
    Det Woodward-Mcclellan/So Mack
    School District:
    DETROIT
    Property Description
    Gorgeous Art-Deco mixed-use building for sale on the edge of Eastern Market and Downtown Detroit. Sale includes two buildings; a single story and two-story that have been opened up on the first floor to create a fully operational restaurant and bar. Formerly Antietam restaurant, the space has a new operator tenant with a 3-year lease. The second floor is a 2-bedroom, 1-bath apartment with private entrances in the front and rear. This spaces is also currently leased. Total income over 8.5K/month. Pro forma attached to the listing docs. Call today to schedule a private tour.
    Exterior Features

    Architecture Level 2 Story Construction Materials Brick Foundation Details Basement Foundation Materials Other Lot Size Dimensions 51 X 52 X 51 X 52 Road Frontage Feet 51 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

    Interior Features

    Commercial Utilities Programmable ThermostatSmoke Alarm Heating Cooling Forced Air Heating Fuel Natural Gas Plant Heating Cooling Central Air Room Count 0 Sq Ft Main 5075 Sq Ft Office 0 Sq Ft Source Prd Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

    Property Features

    Business Type ResidentialRetailService Commercial Type ApartmentsCommercial Current Use Restaurant & Apartment Encroachment YN No Exclusions YN No Gross Scheduled Income 104040.00 Land Contract YN No Listing Financing CashConventional Monthly Sales 8670 Net Operating Income 104040.00 Operating Expense 0.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession At Close Postal City Detroit Protection Period 30 Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 1343.0000 Tax Amount Winter 163.0000 Title Private - Owned Total Tax 1506.0000 Unparsed Address 1428 Gratiot Ave Water Source Municipal Water Year Remodeled 2012 Zoning CommercialResidential

    IDX provided courtesy of Realcomp II Ltd., via Alexander Real Estate Detroit, Llc and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-21T23:56:17.023.
     
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