Prime Downtown Dearborn Multifamily Opportunity – Exceptional Value-Add Investment Located in the heart of Downtown Dearborn, this rare redevelopment opportunity offers tremendous upside for investors and developers alike. 100% vacant building ready for immediate renovation and repositioning. Currently framed for 20 units with the potential to reconfigure into 10 spacious… Read More two-bedroom units. Electrical infrastructure has already been installed, and the majority of windows are in good condition. This property offers a blank slate for redevelopment in a market with strong rental demand and continued growth. Ideally situated just steps from The Great Commoner and Le Cigar Lounge, with walkable access to restaurants, coffee shops, retail, and entertainment throughout Downtown Dearborn. Excellent opportunity for developers, investors, and operators seeking to create a boutique apartment community, workforce housing project, or modern multifamily asset in a prime location. BATVAI. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to Verify All Information. Read Less
Courtesy of Own It Realty.
Listing Snapshot
Days Online
117
Last Updated
Property Type
Commercial/Industrial
Square Ft.
8,990
Lot Size
0.17 Acres
MLS Number
61000599
30 Days Snapshot Of 48124
$225k
+67%
(avg) sold price
6
+50%
homes sold
31
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
8,990 square feet
Exterior Features
Brick
Water Features
Public Water
Heating
Radiant, Natural Gas
Lot
0.17 acres, Lot size: 200x180
Property
Apartment Bldg, Commercial
Taxes
Total amount: $5,188
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