$1,695,000

Elevated Urban Living With Rooftop Access And Charm

  • 7,248 Sqft
  • Updated: June 19
  • 4
    Views for last 30 days
  • 10
  • MLS#20251032927

About the Property

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 pote
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.
  • Property type

    Other

  • Year built

    1907

  • Price/sqft

    $233

Features

  • Elevator
  • Bar
  • High Ceiling
  • Basement
  • Investment Property

Explore the Area

1528 Gratiot Avenue Detroit MI 48207 USA, Michigan, United States View on Google Maps
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Katherine Kutscher

Joined 5 years ago
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Katherine Kutscher
Michigan, United States
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Real Estate One, Inc.
Real Estate One, Inc.
26261 Evergreen, 48076, Southfield, Michigan, United States
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Selling luxury properties requires resources, experience, and a network of agents and offices accustomed to represe
Selling luxury properties requires resources, experience, and a network of agents and offices accustomed to representing this kind of home. The Real Estate One Family of Companies sell more properties over $500,000 and over $1,000,000 than any other company in Michigan.

Why are we so successful? Our network covers the metro area, including Birmingham/Bloomfield, Grosse Pointe, Ann Arbor, Northville, Traverse City, and northern Michigan. We hold dominant positions in the markets from which your buyers are most likely to come.

We have the number one visited broker website in Michigan. Our advertising and marketing programs are aggressive and focused on reaching the most likely buyer for each of the homes we market.

In business since 1929, we are still family owned and operated. We have succeeded in every kind of real estate market for almost 100 years. We are Michigan’s leading luxury home seller and the number one broker in Michigan.
Last updated
June 19
First listed
Apr 10
Listing reference
1be3df24-f78a-11f0-9886-6045bdd61ac4
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