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12327 GRATIOT Avenue

$ 69,000
12327 GRATIOT AVE ,
7
Active

Description

Unlimited potential with this boutique commercial property located in the quickly improving Gratiot corridor! Built in 1927, this property was most recently Good Vibrations Bar & Grill where patrons enjoyed food / drink & entertainment. With a B4 zoning (which this property has) the possibilities are HUGE for what can be done with this place. Full rehab will be needed but property had an operational commercial kitchen so a food business or other commercial / business will be well suited.

Address: 12327 GRATIOT AVE
City:
State/County:
Zip: 48205
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Property Id : 24997
Price: $ 69,000
Building size: 0.05 acres
Available Space: 2645 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 Story
Assessment: 376.69
Building Area Source: Owner
Business Type: Retail
CDOM: 429
Commercial Exterior Features: Awning/Overhang(s)
Commercial Type: Real Estate Only
Construction Materials: Brick
County Or Parish: Wayne
Current Use: vacant
Deposit Amount: 35000.00
Directions: N of Findlay, E of Loretto
Directions From EastWest: E
Directions From EastWest Detail: Loretto
Directions From NorthSouth: N
Directions From NorthSouth Detail: Findlay
DOM: 64
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 20
Gross Scheduled Income: 0.00
Heating: Forced Air
Heating Fuel: Natural Gas
Land Interest Rate: 6
Land Payment: 1000
Land Terms: 36
Last Change Type: Price Decrease
List Office Name: Kermath Realty LLC
List Price By Acre: 1380000.0000
Lock Box Type: Appointment
Lot Size Dimensions: 20.00X100.00
MLS: Realcomp II Ltd
MLS Area Major: Det 8 To Gratiot/Houston To 7
MLS Area Major Number: 05054
MLS Number: 219082977
Monthly Sales: 0
Annual Net Income: 0.00
Operating Expense: 0.00
Original List Price: 79000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W21I028941S
Postal City: Detroit
Postal Code Plus 4: 3921
Property Type: Commercial
Protection Period: 30
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: seller
State Equalized Value: 10500.0000
Street Name: GRATIOT
Street Number: 12327
Street Suffix: Avenue
Subdivision Name: JOHN H TIGCHONS GRATIOT AVE (PLATS)
Table: Commercial
Taxable Value: 10005.0000
Tax Amount Summer: 867.0000
Tax Amount Winter: 470.0000
Tax Legal Description: N GRATIOT AVE 7 JOHN H TIGCHONS GRATIOT AVE SUB L34 P51 PLATS, W C R 21/450 20 X 100
Title: Private - Owned
Total Tax: 1337.0000
Unit Count: 0
Water Source: Municipal Water
Year Built: 1927
Zoning: Commercial
Customer Comment: Yes
Encroachment: No
Exclusions: No
Land Contract: Yes
Publish Sale Price: Yes
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Kermath Realty LLC and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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