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$550,000
Est. payment /mo
27 Baths
0.38 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261060857
HOA Y/N true
Year Built 1920
Annual Tax Amount $16,955
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 127x130
Source Realcomp
Property Description
McGraw/Boulevard Lawn ApartmentsStrategically positioned at McGraw Street and West Grand Boulevard, this four-section, interconnected multifamily complex offers exceptional redevelopment potential within an increasingly connected area of Detroit. The property sits between several of the city's most significant investment districts, including Henry Ford Health's $3 billion Future of Health initiative, Ford's Michigan Central innovation district, and the advancing $62 million Junction McGraw industrial development. Access to I-94 and I-96 connects the site to Downtown, Midtown, Dearborn, major employment centers, Detroit's stadium and entertainment district—including Ford Field, Comerica Park, and Little Caesars Arena—and the Ambassador and Gordie Howe international bridges to Canada.The apartments offer varied configurations serving a broad range of household needs. A unit mix weighted toward three-bedroom apartments can accommodate families seeking larger rental housing. Generously sized two-bedroom units provide flexibility for residents who work from home or need office, study, or multipurpose space. One-bedroom apartments further broaden the tenant base and allow the development to serve multiple household sizes and price points.This substantial redevelopment opportunity is ideally suited to a seasoned, well-capitalized developer with the experience and resources to execute a comprehensive, multi-phase rehabilitation. The project requires a sponsor capable of navigating structural rehabilitation, municipal approvals, construction financing, phased construction, and lease-up. For the right team, it presents an exceptional opportunity to reposition a distinctive 27-unit residential asset, create quality housing for Detroit's missing-middle workforce, support broader workforce-development goals, and pursue nearby infill opportunities.Buyer to independently verify all building measurements.
Location
State MI
County Wayne
Zoning Residential
Direction Accessible via W Grand Blvd, I-94 or W Warren.
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick,Stone
Schools
School District Detroit
Others
Tax ID W14I008027S001
Acceptable Financing Cash
Listing Terms Cash
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Listed by Elite Urban Realty Professionals
NEARBY SCHOOLS & PROPERTIES
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