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    1031 Exchange

    Detroit, MI 1031 Exchange Properties for Sale

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

    14440 Frankfort Street, Detroit, MI 48224

    $800,000
    32,934 sqft 0.75 AC lot
    32‑unit apartment building totaling 32,934 square feet
    Unit mix includes 20 one‑bedroom and 12 two‑bedroom apartments
    Capital improvements completed in 2021 included windows, roof, siding, plumbing, and electrical
    12 kitchens have been renovated
    Commercial, Multi‑Family zoning on 0.75 acres
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    32-Unit Apartment Building
    Updated: Aug 7
    32-Unit Apartment Building

    14440 Frankfort St, Detroit, MI 48224

    $800,000
    32,934 sqft
    32,934‑square‑foot apartment building with 32 units
    Unit mix includes 20 one‑bedroom and 12 two‑bedroom apartments
    2021 updates included new windows, roof, siding, plumbing, and electrical work
    12 kitchens have been renovated
    Built in 1958
    View details
    See hot listings in Detroit

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Single-Tenant Dollar General Retail
    Single-Tenant Dollar General Retail

    7519 E Michigan Ave., Jackson, MI 49201

    Contact for pricing
    10,640 sqft

    Newly opened Dollar General with an absolute NNN lease, corporate guaranty, and scheduled 5% rental increases.

    View details
    33-Unit Brick Apartment Property
    33-Unit Brick Apartment Property

    2907 S Burdick Street, Kalamazoo, MI 49001

    $2,849,999
    2.10 AC lot

    Two-building multifamily asset with renovated units and updated heating systems.

    View details
    12-Unit Apartment Building Portfolio
    12-Unit Apartment Building Portfolio

    504-506*** 1st Street, Jackson, MI 49203

    $1,100,000
    0.19 AC lot

    Two multifamily buildings offer a compact rental property package with baseboard and radiant heating.

    View details
    All-Brick Multifamily Apartment Building
    All-Brick Multifamily Apartment Building

    2907 S Burdick Street, Kalamazoo, MI 49001

    $2,875,000

    33-unit all-brick multifamily property with separate 25-unit and 8-unit buildings and recently completed capital improvements.

    View details

    Detroit, MI 1031 Exchange Properties Market Trends and Statistics

    Explore 2 1031 exchange properties for sale in Detroit, MI on our real estate platform. These investment opportunities span a total of 65,868 square feet of properties for sale, with an estimated market value of $1,600,000.

    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 61
    Wedding venues 18
    Schools 15
    Day care centers 10
    NNN properties 7

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Wayne County

    Office

    Residential Income

    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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    Popular Searches in Detroit, MI

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    Most Searched ZIP Codes in Detroit, MI

    • 48224

    Featured Detroit Real Estate Agencies

    Realmo connects you with licensed Detroit CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Downtown Realty
    500 Griswold Ste 2420 Detroit, MI 48226
    Phone: 13134667253
    downtownrealty.us
    @properties Detroit
    3100 Woodward Ave, Suite 102 Detroit, MI 48201
    Phone: 13132300510
    www.atpropertiesdetroit.com/

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