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    16940 Log Cabin St Detroit, MI 48203

    For Sale
    $675,000

    13-unit apartment building near Downtown, Ferndale, and 8 Mile/Woodward corridor.

    Lot size:
    0.35 Acres

    Property Features for 16940 Log Cabin St

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1923

    Source: Berkshire Hathaway HomeServices The Loft Warehouse Agent Jan Dijkers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey 13-Unit Apartment Building

    This 13-unit apartment building presents a turnkey investment opportunity. The property features one-bedroom units, many of which retain original hardwood floors. A newer roof and boiler are in place, and the building has a current Certificate of Compliance. Residents have access to coin-operated laundry facilities in the basement. Secure gated parking is provided, along with well-maintained common areas and a spacious green lot for outdoor space. The property is conveniently located near public transit, offering easy access to Downtown, Ferndale, and the 8 Mile/Woodward corridor, which hosts major retailers, gyms, restaurants, and grocery stores. An adjacent two-car garage is included for storage or parking. The property is located in Detroit but has a Highland Park mailing address. It is suited for the city of Detroit PILOT program (payment in lieu of taxes) to reduce tax bills and create workforce housing. This listing includes additional parcels 16920 Log Cabin #08009542 and 16930 Log Cabin #08009543.
    Insight Report Location Intelligence

    Current Use by Public Records

    Johnathan Tudor Apartments Apartment Building Agape Apartments Apartment Building

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1214999
    Latitude
    42.4164939

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    FAQs

    What type of property is this?
    Apartment building - 13-unit apartment building near Downtown, Ferndale, and 8 Mile/Woodward corridor.
    Where is this apartment building located?
    The property is located at 16940 Log Cabin St Detroit, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Turnkey 13-unit apartment building – a fantastic investment opportunity.; - Newer roof and boiler, with current Certificate of Compliance.; - Secure gated parking and spacious green lot.
    (313) 658-6400
    Request Owner's contact information
    16940 Log Cabin St Detroit, MI 48203
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    Detroit, MI 48203
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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
    16940 Log Cabin St Detroit, MI 48203
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