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About This Home
A lease with a sign company paying $6,000 annually for roof signage stands out as the property’s most distinctive feature. Built in 1948 on an 0.08-acre lot, the 4,400-square-foot brick building at 15390 Gratiot Avenue includes 2,200 square feet on each of two levels and is served by forced-air heating.
The structure sits in Detroit’s Drennan & Seldons Regent Park No. 1 neighborhood, surrounded by national retail chains across the street. The current lease offsets the property taxes and provides steady income while the owner retains full use of the interior space. With 2,149 active listings citywide averaging $148,744, this Gratiot corridor property offers a compact, income-supported commercial asset in an established retail corridor.
Absolutely wonderful Location and building In a high demand area, with plenty of national chains across the street, Nicely maintain brick building W/ 2200 ft.² up 2200 ft.² down and a lease with Sign company paying $6000 per year, for a Sign on Roof,(pays for the taxes on the building)
Key Features
- Built in 1948
- 0.08 acre lot
Property Details
Monthly Cost Estimate
$1,310/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
15390 GRATIOT Avenue
Detroit, MI 48205
DRENNAN & SELDONS REGENT PARK NO 1 (PLATS)
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 15390 GRATIOT Avenue is listed at $245,000 ($111/sqft). The estimated monthly payment is $1,062 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 0.08 acre lot.
This property is listed by John Kurczak and can be reached at 2486497200 or JohnKSells@Gmail.com.
