1375 Grand BlvdDetroit, MI 48208

For Sale
$275,000

26-unit apartment building, vacant, needs full rehab.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 26-unit apartment building located at 1375 W Grand Blvd, Detroit, MI 48208 presents a compelling redevelopment opportunity. Situated on a 5,626 square foot lot, this three-story, 1927-built structure offers 11,467 total square feet, with 9,400 square feet of net rentable space. Currently vacant, the property is zoned for commercial use and requires a complete rehabilitation, including all mechanical systems. The unit mix consists of eight one-bedroom units and eighteen studio units. The asking price is $275,000, translating to $23.98 per square foot and $10,576.92 per unit. Seller financing may be considered with a substantial down payment. This property is ideally located north of Corktown and west of Midtown/Wayne State University, offering significant potential for a lucrative redevelopment project in a rapidly developing area. The building is classified as Class C.

Highlights

  • $275,000 asking price for a vacant, 26-unit apartment building.
  • Located at 1375 W Grand Blvd, Detroit, MI 48208.
  • 9,400 square feet of net rentable space in an 11,467 square foot building.
  • Priced at $23.98 per square foot and $10,576.92 per unit.
  • Three-story, 1927-built Class C multifamily property on a 5,626 square foot lot.
  • Redevelopment opportunity with seller financing considered (large down payment required).

Property Details for 1375 Grand Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
11,467 SF
Class
C
Year Built
1927
Buildings
1
Stories
3
Units
26

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.340891872657
Longitude
-83.105088801326
1375 Grand Blvd, Detroit, Michigan

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1375 Grand Blvd
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