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    1430 6Th St Detroit, MI 48226

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    For Sale
    $325,000

    Historic rowhouse with redevelopment potential in Opportunity Zone.

    Building Details

    Year built
    1880

    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

    Historic Rowhouse Redevelopment Opportunity

    This property features a historic Worker's Rowhouse, situated in the heart of the neighborhood, adjacent to the central business district and Riverfront. It presents a development opportunity to reactivate a vacant structure, complemented by additional vacant land suitable for redevelopment. The site is located within an Opportunity Zone and a Neighborhood Enterprise Zone (New/Rehab). Originally designed as a 3-unit tenement house, the roof, structure, and exterior have been fully stabilized. Additional land behind the structure offers potential for additional residential or carriage house development. The location is walkable to restaurants along Michigan Avenue and is one mile from Ford's Michigan Central Innovation District. It is located in a Historic District with B6 zoning, General Services District, which allows for residential, commercial, and mixed-use purposes. The lot will be expanded to include the land behind the building, to the freeway easement, prior to closing.
    Location Intelligence

    Current Use by Public Records

    Worker's Row House Heritage Building B & K Towing Towing Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0607292
    Latitude
    42.3300483

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    FAQs

    What type of property is this?
    Commercial land - Historic rowhouse with redevelopment potential in Opportunity Zone.
    Where is this commercial land located?
    The property is located at 1430 6Th St Detroit, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Opportunity Zone and Neighborhood Enterprise Zone location offers potential tax and financial incentives.; - B6 zoning and General Services District allows flexible development: residential, commercial, or mixed-use.; - Vacant land included for additional residential units or a carriage house.
    (313) 658-6400
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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
    1430 6Th St Detroit, MI 48226
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