Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    247 Midland St Highland Park, MI 48203

    Sponsored
    For Sale
    $74,900

    Quadruplex - Highland Park, MI

    Type:Quadruplex
    Property size:
    3,840 SF
    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 12:06 pm

    Property Features for 247 Midland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    43003030545000
    Parking features
    On Street
    Basement Y/N
    1
    Size
    3,840 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Glover

    Keller Williams Professionals (734) 459-4700

    Listing agent Jeff Glover (734) 459-4700

    Listing date Feb 24, 2026

    MLS# 20261011138 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highland Park Quadruplex Opportunity

    This property in Highland Park, MI, presents an investor opportunity. The building contains four units, configured as two upper and two lower units, all featuring identical floor plans. The total area of the building is 3,840 square feet. Additionally, the property includes a full basement. The lot size is 0.12 acres. The property's location offers convenient access to Woodward Avenue and M-8, providing connectivity to major roads and various amenities. The zoning is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.10973
    Latitude
    42.408817

    Nearby Similar for Sale

    • $69,900
      2,282 SF

      Highland Park Duplex Investment Opportunity

      Tenant-occupied duplex in Highland Park, MI. Great investment opportunity!
      46 W Arizona St, Highland Park, MI 48203
      View Details
    • $800,000
      6,655 SF

      Commercial Plaza in Highland Park

      Well-maintained commercial plaza with high visibility and easy access.
      16600 Hamilton Ave, Highland Park, MI 48203
      View Details
    • $73,000
      1,750 SF

      Highland Park Duplex Opportunity

      Multi-family home with potential in a growing neighborhood.
      364 Cortland St, Highland Park, MI 48203
      View Details
    • $599,000
      2,400 SF

      Renovated Retail Building Near Detroit

      2,400 SF free-standing building, renovated in 2020, for sale.
      16445 Hamilton Ave, Highland Park, MI 48203
      View Details
    • $1,800,000
      16,289 SF

      Highland Park Industrial Property For Sale

      16,269 SF industrial property on 1.1 acres in Highland Park.
      14050 Oakland St, Highland Park, MI 48203
      View Details
    • $199,900
      4,700 SF

      Free Standing Commercial Building

      4,700+ sqft commercial building, bakery equipment included.
      736 E State Fair, Highland Park, MI 48203
      View Details
    • $595,000
      18,135 SF

      Former Supermarket on Bartlett Street

      Former supermarket property with Greenway Development along the property.
      52 Bartlett St, Highland Park, MI 48203
      View Details
    • $400,000

      Highland Park Redevelopment Opportunity

      Nine-story, 172,000 SF building on 1.7 acres for redevelopment.
      210 Highland St, Highland Park, MI 48203
      View Details
    • $330,000
      6,000 SF

      Highland Park Warehouse For Sale

      6,000 SF warehouse building in good condition for sale.
      166 Victor St, Highland Park, MI 48203
      View Details
    • $49,900

      Office Space For Sale

      Office space available for purchase in Highland Park, MI.
      841 Annin St, Highland Park, MI 48203
      View Details
    • $295,000
      3,300 SF

      Highland Park Warehouse For Sale

      3,300 SF warehouse property in Highland Park, Michigan.
      17905 Chrysler Dr, Highland Park, MI 48211
      View Details
    • Contact for pricing
      4,125 SF

      Retail Space with Liquor License

      Retail property for sale or lease with existing liquor license.
      11744 Woodward Ave, Highland Park, MI
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Woodward Ave and M-8 in Highland Park.
    Where is this quadplex located?
    The property is located at 247 Midland St Highland Park, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: - Four Units: Ideal for investors seeking rental income.; - Boasting 3,840 SQFT of living space across all units.; - Full Basement: Offers additional storage.
    (734) 459-4700
    Request Owner's contact information
    247 Midland St Highland Park, MI 48203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    247 Midland St
    Highland Park, MI 48203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    247 Midland St Highland Park, MI 48203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Glover
    Real Estate License ID: 6501317808
    (734) 459-4700 (734) 259-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!