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72-Unit Apartment Building
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445 Field St, Detroit, MI 48214

Multifamily property with additional parking and land, plus documented updates to major building components.

Property SizeContact for details
Days on Market144

Property Features for 445 Field St

General Information

Standard status Active
Elevators Yes
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence Cosmetic Rehab

Additional Details

Opportunity Zone Yes
Multifamily Units 72
Listing Agency: Friedman Real Estate
Listed By: Peter Jankowski · License #MI 6501352087
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:56PM

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 Friedman Real Estate

Investment Insights

Based on property information with market context.

Located at 445 Field St in Detroit, this 72-unit apartment property includes an additional parking lot and land. The asset is situated in an Opportunity Zone and stands across from the Belle Isle Bridge.

Documented improvements include a rubber roof installed in 2019, an elevator cab replacement completed in 2021, boiler work from 2007, and hot water tank replacements in 2022. Window replacement was completed in phases during 2022 and 2023.

The property is described as being near Detroit’s CBD, employment centers, and metro-area linkages. Its location places the building within the Detroit market while providing direct proximity to the Belle Isle Bridge.

Key Highlights

  • 72‑unit apartment property
  • Additional parking lot and land included
  • Located in an Opportunity Zone

Property Analytics

Current Use

Islandview Apartments Apartment Building Tony with Senior ... Insurance Agency

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Daycare Center Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

72
Residential units

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 48214, MI

18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with additional parking and land, plus documented updates to major building components.
Where is this apartment building located?
The property is located at 445 Field St Detroit, MI.
What are key features of this property?
This property features: 72‑unit apartment property; Additional parking lot and land included; Located in an Opportunity Zone
More about this property
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