Pending
1486 Gratiot Avenue, Detroit, MI 48207
$1,200,000
MLS # 20251037934 (Realcomp)
Built 19500.16 acres
1 / 10
Listing Description
This two-story, 9,428-square-foot mixed-use building near Eastern Market is fully occupied by Flowers for Dreams (5,395 SF) and Handcar (4,033 SF). Featuring a distinctive façade and interior courtyard, the property has benefited from significant ownership investment in MEP systems and exterior improvements. Within walking distance of Eastern Market and Downtown Detroit, it offers investors a stable, cash-flowing asset. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale. Proof of funds required for all tours.
Source: SparkMLS
About this home
Asking $1,200,000.
Annual property taxes run approximately $14,908 ($1,242/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.16 acres
Year Built1950
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
WaterPublic
Sale & Financing
Listed9/17/2025
Source: SparkMLS
Tax Information
Annual Tax$14,495
Tax Year2025
State Equalized Value$181,400
Assessed Value$181,400
Parcel #07000773.000
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Vincent Mazzola
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 1486 Gratiot Avenue, Detroit, MI 48207
What school district is 1486 Gratiot Avenue, Detroit, MI 48207 in?
Per MLS# 20251037934, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20251037934, the most recent reported annual property tax for 1486 Gratiot Avenue, Detroit, MI 48207 is $24,586. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1486 Gratiot Avenue, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 1486 Gratiot Avenue, Detroit, MI 48207 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1486 Gratiot Avenue, Detroit, MI 48207 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 1486 Gratiot Avenue, Detroit, MI 48207?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 1486 Gratiot Avenue, Detroit, MI 48207. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$14,908
Monthly$1,242
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$9,026
Principal & interest$7,783
Property taxes$1,242
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1486 Gratiot Avenue, Detroit, MI 48207
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Neighborhood
Lower East Central
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Community
Detroit
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County
Wayne County
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