Detroit, MI Hospitality Properties for Sale

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Ecorse, MI Hamtramck, MI Highland Park, MI

Updated: Jan 22

Detroit Motel For Sale

20500 James Couzens Fwy, Detroit, MI 48235

$3,700,000

34,065 sqft

Prime real estate location in Detroit, Michigan.
Cash‑flowing motel with 101 rooms.
Opportunity for owner‑operator or redevelopment.
$406M redevelopment project adjacent to the property.
Independently operated.

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This listing looks promising.

Here's a quick look at some key insights for

20500 James Couzens Fwy, Detroit, MI 48235

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Est. Cap Rate

6.2%
Above avg (5.9%)
Est. NOI

$229K
Annual
Mortgage

$100K
Jul 2024
Property Type

Motel
Built 1957

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Updated: Jun 15, 2022

Midtown Development Opportunity

470 Martin Luther King Jr Blvd, Detroit, MI 48201

$1,500,000

200 sqft

Prime redevelopment opportunity: Ideal for conversion into an apartment building.
Strategic Midtown location: Close to DMC, VA, and Children's Hospital.
Located in a rapidly redeveloping area: Midtown experiencing significant revitalization with new apartments, commercial spaces, and restaurants.
Benefit from Detroit's growth: The city is experiencing substantial growth with new retail, services, and corporate interest.
New heat system and hot water tank: Updated infrastructure.

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Based on your search, we've compiled 59 Potential Opportunities for your consideration. Besides 2 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 49 Off-Market properties to explore as potential leads, 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.

Profitable Motel Investment Opportunity

13450 dix toledo Rd, Southgate, MI 48195

$699,000

0.28 AC lot

15-unit motel with manager's apartment, high cap rate.

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Warren Multifaceted Investment Opportunity

28710 VAN DYKE Ave, Warren, MI 48093

$2,200,000

1.00 AC lot

20-unit motel, house, restaurant, and apartment complex for sale.

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Profitable Motel Investment Opportunity

13450 dix toledo Rd, Southgate, MI 48195

$699,000

0.28 AC lot

15-unit motel with manager's apartment, high cap rate.

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Warren Investment Opportunity: Motel, Restaurant

28710 Van Dyke Ave, Warren, MI 48093

$1,850,000

7,335 sqft · 0.88 AC lot

Mixed-use property with motel, restaurant, house, and apartment.

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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.

Development Land Near I-275

Ecorse Service Road, Taylor, MI 48180

$900,000

0.62 AC lot

Prime development opportunity with high visibility and easy freeway access.

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Romulus Retail Development Opportunity

32870 Wick Road |, Romulus, MI 48174

Contact for pricing

30.00 AC lot

Highway service retail development site near Detroit Metropolitan Airport.

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Prime Corner Commercial Land Available

7125 N LILLEY Road, Canton Twp, MI 48187

$550,000

0.60 AC lot

0.60-acre vacant lot on a hard corner in Canton.

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Vacant Land on Telegraph Road

27200 TELEGRAPH, Flat Rock, MI 48134

$74,900

Commercial land with high visibility and business potential.

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Off-Market Properties in Detroit, MI

Consider similar Off-Market properties in Detroit, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOTEL

21350 Mcnichols Rd, Detroit, MI 48219-3974

$800,000

Estimated value

18,097 sqft · 0.77 AC lot

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MOTEL

14300 Telegraph Rd, Redford, MI 48239-3360

$850,000

Estimated value

27,850 sqft · 1.98 AC lot

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MOTEL

22440 Plymouth Rd, Redford, MI 48239-1321

Value Estimation by Request

6,359 sqft · 0.17 AC lot

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MOTEL

20500 James Couzens Fwy, Detroit, MI 48235-1848

$1,900,000

Estimated value

34,380 sqft · 1.40 AC lot

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HOTEL

33 John R St, Detroit, MI 48226-2104

$3,230,000

Estimated value

104,931 sqft · 0.17 AC lot

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MOTEL

25255 Grand Riv Ave, Redford, MI 48240-1404

$1,500,000

Estimated value

32,036 sqft · 1.34 AC lot

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MOTEL

20266 Woodward Ave, Detroit, MI 48203-1083

$560,000

Estimated value

9,987 sqft · 0.36 AC lot

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MOTEL

5777 Southfield Fwy, Detroit, MI 48228-3887

$6,650,000

Estimated value

68,198 sqft · 4.22 AC lot

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MOTEL

1730 8th Mile Rd, Detroit, MI 48203-1260

Value Estimation by Request

7,461 sqft · 0.34 AC lot

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MOTEL

16920 Telegraph Rd, Detroit, MI 48219-3731

$1,865,000

Estimated value

20,557 sqft · 1.16 AC lot

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MOTEL

12510 8th Mile Rd, Detroit, MI 48205-1046

Value Estimation by Request

12,558 sqft · 0.36 AC lot

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MOTEL

9939 Telegraph Rd, Redford, MI 48239-1421

$1,890,000

Estimated value

17,313 sqft · 2.12 AC lot

View details

MOTEL

26825 Grand Riv Ave, Redford, MI 48240-1544

$735,000

Estimated value

11,982 sqft · 0.28 AC lot

View details

MOTEL

9430 Michigan Ave, Detroit, MI 48210-2041

Value Estimation by Request

13,992 sqft · 0.70 AC lot

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MOTEL

1500 Grand Blvd, Detroit, MI 48211-3450

Value Estimation by Request

6,307 sqft · 0.20 AC lot

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MOTEL

2211 Grand Blvd, Detroit, MI 48208-1115

$655,000

Estimated value

19,369 sqft · 0.72 AC lot

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HOTEL

315 Burns Dr, Detroit, MI 48214

$6,450,000

Estimated value

186,277 sqft · 1.21 AC lot

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MOTEL

12291 Harper Ave, Detroit, MI 48213-1732

$505,000

Estimated value

14,524 sqft · 0.46 AC lot

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MOTEL

18844 Woodward Ave, Detroit, MI 48203-1901

Value Estimation by Request

8,486 sqft · 0.20 AC lot

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HOTEL

64 Watson St, Detroit, MI 48201-2762

Unit 2

$745,000

Estimated value

11,961 sqft · 0.12 AC lot

View details

MOTEL

20490 Greenfield Rd, Detroit, MI 48235-1854

$1,650,000

Estimated value

29,756 sqft · 0.92 AC lot

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MOTEL

5841 2nd Ave, Detroit, MI 48202-3623

Value Estimation by Request

7,740 sqft · 0.28 AC lot

View details

Detroit, MI Hospitality Properties Market Trends and Statistics

Explore 51 hospitality properties for sale in Detroit, MI on our real estate platform. These investment opportunities span a total of 34,265 square feet of properties for sale, with an estimated market value of $5,200,000.

Sale prices for hospitality properties in Detroit, MI start at $1,500,000, averaging $2,600,000, and reaching up to $3,700,000 — 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

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
48219	$625K
48201	$1.5M
48235	$3.7M
48216	$10M

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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Detroit, MI Hospitality Properties for Sale

20500 James Couzens Fwy, Detroit, MI 48235

470 Martin Luther King Jr Blvd, Detroit, MI 48201

Opportunities in Nearby Cities

13450 dix toledo Rd, Southgate, MI 48195

28710 VAN DYKE Ave, Warren, MI 48093

13450 dix toledo Rd, Southgate, MI 48195

28710 Van Dyke Ave, Warren, MI 48093

Potential Development Sites for Consideration

Ecorse Service Road, Taylor, MI 48180

32870 Wick Road |, Romulus, MI 48174

7125 N LILLEY Road, Canton Twp, MI 48187

27200 TELEGRAPH, Flat Rock, MI 48134

Off-Market Properties in Detroit, MI

21350 Mcnichols Rd, Detroit, MI 48219-3974

14300 Telegraph Rd, Redford, MI 48239-3360

22440 Plymouth Rd, Redford, MI 48239-1321

20500 James Couzens Fwy, Detroit, MI 48235-1848

33 John R St, Detroit, MI 48226-2104

25255 Grand Riv Ave, Redford, MI 48240-1404

20266 Woodward Ave, Detroit, MI 48203-1083

5777 Southfield Fwy, Detroit, MI 48228-3887

1730 8th Mile Rd, Detroit, MI 48203-1260

16920 Telegraph Rd, Detroit, MI 48219-3731

12510 8th Mile Rd, Detroit, MI 48205-1046

9939 Telegraph Rd, Redford, MI 48239-1421

26825 Grand Riv Ave, Redford, MI 48240-1544

9430 Michigan Ave, Detroit, MI 48210-2041

1500 Grand Blvd, Detroit, MI 48211-3450

2211 Grand Blvd, Detroit, MI 48208-1115

315 Burns Dr, Detroit, MI 48214

12291 Harper Ave, Detroit, MI 48213-1732

18844 Woodward Ave, Detroit, MI 48203-1901

64 Watson St, Detroit, MI 48201-2762

20490 Greenfield Rd, Detroit, MI 48235-1854

5841 2nd Ave, Detroit, MI 48202-3623

Detroit, MI Hospitality Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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