1031 Exchange

Detroit, MI 1031 Exchange Properties for Sale

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32-Unit Apartment Building
Updated: Jun 15
32-Unit Apartment Building

14440 Frankfort Street, Detroit, MI 48224

$800,000
32,934 sqft 0.75 AC lot
32‑unit apartment building with 32,934 square feet of residential space
Unit mix: 20 one‑bedroom units and 12 two‑bedroom units
Major 2021 capital improvements: new windows, new roof, new siding
2021 systems updates include plumbing and electrical
Includes 12 newly renovated kitchens
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

22-Unit Flex Space with Drive-In Doors
22-Unit Flex Space with Drive-In Doors

9010 Tyler Boulevard, Mentor, OH 44060

$1,848,000
1.86 AC lot

Multi-tenant flex space built in 2006 with drive-in doors and independently metered gas and electric utilities.

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Dual Retail Storefront with Two Tenants
Dual Retail Storefront with Two Tenants

29921-29923 Harper Ave, Saint Clair Shores, MI 48082

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2,400 sqft

Two remodeled 1,200 SF retail units totaling 2,400 SF, with one unit leased through January 2028.

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Remodeled Dual Retail Units
Remodeled Dual Retail Units

29921-29923 Harper Ave, Saint Clair Shores, MI 48082

Contact for pricing
2,400 sqft

Two 1,200 SF remodeled retail units totaling 2,400 SF, with one unit leased through January 2028.

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Multi-Tenant Industrial Building
Multi-Tenant Industrial Building

9010 Tyler Boulevard, Mentor, OH 44060

$1,848,000

Multi-tenant industrial building with separated gas and electric utilities and multiple drive-in doors.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

2.56 Acre Countryside Lot
2.56 Acre Countryside Lot

County Hwy B Lot 4, Neillsville, WI 54456

$54,500
2.56 AC lot

2.56 acre lot suitable for residence, cabin, shop, or business.

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Mature Building Site in Fairfield
Mature Building Site in Fairfield

1201 Walton Road, Fairfield, IA 52556

$150,000
2.50 AC lot

Land with garage/shop, utilities, and home site excavation.

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Mower County Tillable Farmland
Mower County Tillable Farmland

Hwy 218, Austin, MN 55912

$749,000
38.00 AC lot

Productive, pattern-tiled tillable acres with paved-road access for growers and land investors.

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Rindge Land on Route 119
Rindge Land on Route 119

New Hampshire Route 119, Rindge, NH 03461

$65,000
0.73 AC lot

0.73-acre lot with visibility and potential in Rindge, NH.

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Detroit, MI 1031 Exchange Properties Market Trends and Statistics

Explore 1 1031 exchange properties for sale in Detroit, MI on our real estate platform. These investment opportunities span a total of 32,934 square feet of properties for sale, with an estimated market value of $800,000.

Sale prices for 1031 exchange properties in Detroit, MI average $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Churches & religious facilities 85
Schools 30
Wedding venues 29
Day care centers 17
NNN properties 12

Demographics Overview

Population 850K
Population Growth (5Y) -4.2%
Median Household Income $48,716
College Educated 21.2%

High-Yield Neighborhoods for Investment

Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
48224 $800K

Taxes & Financing

Tax Rate (average for all types) 3.32%
Property Tax per SF $36.71 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wayne County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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