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    12835 La Salle Blvd Detroit, MI 48238

    For Sale
    $575,000

    24-unit apartment building with development potential in Detroit neighborhood.

    Lot size:
    0.19 Acres

    Property Features for 12835 La Salle Blvd

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1927

    Source: Detroit Progress Realty LLC Agent Mikhail Grigoryan

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

    Overview

    24-Unit Apartment Building with Land

    This 24-unit apartment building is located on La Salle Boulevard in the Dexter-Linwood neighborhood. The property features 19 one-bedroom units and 5 two-bedroom units. Also included is the adjacent home at 12827 La Salle, which can be demolished and used as a parking lot. The property is surrounded by the Boston-Edison, Russell Woods, Arden Park, and North End neighborhoods. Some newer windows, plumbing, HVAC, an industrial hot water tank, and electrical service have been installed, and some finishing touches have been completed. The electric service has been turned on with new service. Updates to the roof have been completed, and a new security door has been installed in the meter room. There is potential to add additional cash flow with coin laundry in the basement. The property offers significant upside potential and requires finishing.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage 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
    -83.1178997
    Latitude
    42.391669

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment building with development potential in Detroit neighborhood.
    Where is this apartment building located?
    The property is located at 12835 La Salle Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - 24-unit apartment building featuring a mix of nineteen 1-bedroom and five 2-bedroom units.; - Includes adjacent property suitable for demolition and use as a parking lot.; - Located in the Dexter-Linwood neighborhood, surrounded by desirable areas.
    (313) 888-6060
    Request Owner's contact information
    12835 La Salle Blvd Detroit, MI 48238
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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
    12835 La Salle Blvd Detroit, MI 48238
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