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1428 Gratiot Avenue

$ 900,000
1428 Gratiot AVE ,
28
Active

Description

We are pleased to offer 1420 & 1428 Gratiot, an Industrial Art Deco style building located in Eastern Market. 1420 & 1428 Gratiot Avenue is made up of 2,000 SF of first floor retail and a 1,000 SF 3 bedroom apartment on the second floor. The building’s facade was completely restored in 2012 to the original Industrial Art Deco style.  The exterior glazed tile was remade, reflecting the 1930’s exterior.  The original limestone was replaced and the aged aluminum bar details were restored with custom Pewabic ceramic. Fenestra steel casement windows from the 1930s were selected for the entire 2nd floor while the unique interior floors reveal original splendor, such as the chevron designed terrazzo floors.

Address: 1428 Gratiot AVE
City:
State/County:
Zip: 48207
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Property Id : 25278
Price: $ 900,000
Building size: 0.05 acres
Available Space: 3000 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Assessment: 0
Building Area Source: Public Records
CDOM: 575
Commercial Type: Apartments,Commercial,Real Estate Only
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Retail and Apartment
Directions: North on Gratiot
Directions From EastWest: E
Directions From EastWest Detail: Russell
Directions From NorthSouth: S
Directions From NorthSouth Detail: Gratiot
DOM: 368
Foundation Details: Basement
Foundation Materials: Brick
Frontage Feet: 51
Gross Scheduled Income: 102200.00
Heating: Radiant
Heating Fuel: Natural Gas
Last Change Type: Price Decrease
List Office Name: O'Connor Realty
List Price By Acre: 18000000.0000
Lock Box Type: Appointment
Lot Size Dimensions: 51 X 52 X 51 X 52
MLS: Realcomp II Ltd
MLS Area Major: Det Woodward-Mcclellan/So Mack
MLS Area Major Number: 05053
MLS Number: 219047794
Monthly Sales: 8516
Annual Net Income: 93355.00
Operating Expense: 6845.00
Original List Price: 1350000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W07I000780C1
Postal City: Detroit
Postal Code Plus 4: 2723
Property Type: Commercial
Protection Period: 90 Days
Road Frontage Type: Class A
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Main: 3000
Sqft Office: 3000
Sqft Source: PBR
State Equalized Value: 24000.0000
Street Name: Gratiot
Street Number: 1428
Street Suffix: Avenue
Subdivision Name: FRASERS SUB OF PT OF GUOIN FARM
Table: Commercial
Taxable Value: 17698.0000
Tax Amount Summer: 1463.0000
Tax Amount Winter: 168.0000
Tax Legal Description: S GRATIOT E 20 FT 9 & W 21.18 FT 8 EXC GRATIOT AVE AS WD FRASERS SUB L1 P30 PLATS, W C R 7/18 41.18 IRREG
Title: Private - Owned
Total Tax: 1631.0000
Unit Count: 0
Water Source: Municipal Water
Year Built: 1932
Year Remodeled: 2012
Zoning: Commercial,Multi-Family,Multiple,Office
APOD Available: No
Customer Comment: Yes
Encroachment: No
Inventory Included: No
Inventory List: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via O'Connor Realty and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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