1197 VIRGINIA PARK St Detroit, MI 48202
Well-maintained 9-unit property with strong rental potential.
Type:Commercial
Property size:
16,546 SF- Added:
- Apr 4, 2026
- Days on Market:
- 12
- Last Refresh:
- Apr 4 at 7:00 am
Property Features for 1197 VIRGINIA PARK St
General Information
- Standard status
- Active
- Size
- 16,546 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1916
Listing agent James T Silver License #6502374648 (248) 530-7292
Listing office M77 LLC (248) 530-7292
Listing date Apr 4, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of M77 LLC
Overview
Multifamily Property in Virginia Park
Located in Detroit’s Virginia Park neighborhood, this well-maintained 9-unit townhouse-style multifamily property presents an investment opportunity within an Opportunity Zone. The building, situated in the New Center area, features a unit mix that includes six 2-bedroom units, two 5-bedroom units, and one 4-bedroom unit. All units are currently occupied, providing immediate cash flow. Updates include a freshly painted exterior (2025) and new gutters (2025). Several units have been remodeled in 2024–2025. Each unit includes central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. The property has been owned and professionally managed for over 20 years. It is conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways. The property has an estimated total finished area of 16,546 square feet, which includes basements each with their own baths. The bike score is 56, indicating it is bikeable. The walk score is 70, indicating it is somewhat walkable. The transit score is 47, indicating some transit is available.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0879131
- Latitude
- 42.3719339
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 9-unit property with strong rental potential.
Where is this apartment building located?
The property is located at 1197 VIRGINIA PARK St Detroit, MI.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Fully occupied 9‑unit multifamily property providing immediate cash flow.; Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.; Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.
