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    4194 Drouillard St Lincoln Park, MI 48146

    Under Contract
    For Sale
    $490,000

    Ranch - Lincoln Park, MI

    Type:Ranch
    Property size:
    1,680 SF
    Lot size:
    0.12 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 4194 Drouillard St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Ranch
    Standard status
    Active Under Contract
    Zoning
    Multi-Family
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    APN
    45021080175003
    Size
    1,680 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas, Wall Furnace

    Building Details

    Year built
    1958
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Ranch

    Premiere Realty Group (734) 676-6833 [email protected]

    Listing agent Dennis Barrow (734) 676-6833

    Listing date Nov 3, 2025

    MLS# 20251041226 Listing URL

    Copyright © 2025 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.

    Overview

    Lincoln Park Investment Property

    This Lincoln Park investment property offers excellent cash flow and convenient access to restaurants, bus stops, and Fort Street. The property features six units, each with one bedroom and its own in-unit laundry room. Tenants benefit from ample off-street parking. Both buildings have newly renewed certificates of occupancy from the city. Currently, four of the six units are occupied by long-term tenants. The remaining two units have been recently updated with new flooring and paint, making them move-in ready. Each unit includes a stove and refrigerator. City resale certification inspections have been completed, and the certificate of occupancy will be provided at closing. The property's lot size is 0.12 acres, and the building size is 1680 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.18231
    Latitude
    42.222244

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property with in-unit laundry and off-street parking.
    Where is this apartment building located?
    The property is located at 4194 Drouillard St Lincoln Park, MI.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Excellent cash flow investment property in Lincoln Park.; - Each of the 6 units has its own **in-unit laundry room**.; - Newly renewed certificates of occupancy for both buildings.
    (734) 676-6833
    Request Owner's contact information
    4194 Drouillard St Lincoln Park, MI 48146
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    Lincoln Park, MI 48146
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    Realmo Value Estimation

    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.

    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.

    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
    4194 Drouillard St Lincoln Park, MI 48146
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