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Lincoln Park Multifamily Opportunity

1380 COUNCIL Ave, Lincoln Park, MI 48146

For Sale
$499,000

8,000 SF building in prime Lincoln Park location.

Property Size8,378 SF
Lot Size0.35 Acres
Price / SF$62.38
Days on Market243

Property Features for 1380 COUNCIL Ave

General Information

Standard status Active
Size 8,378 SF
Lot size 0.35 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $14,141

Building Details

Building Size 8,378 SF
Year Built 1952
Listing Agency: XPI Realty
Listed By: Osama Kaid · License #6501442356
Source: Elliman
Added: Mar 10 Changed: Aug 26 Last Checked: Aug 14 at 6:03AM

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 XPI Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Located in Lincoln Park, this 8,000-square-foot building presents an opportunity for investors or developers. The property is suitable for group homes, medical clinics, or an apartment building. The property is being sold as is.

Key Highlights

  • 8,000 SQFT Building
  • Prime Lincoln Park Location
  • Perfect for Group Homes, Medical Clinic, or Apartment Building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical centers

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Electrical Service Dental Office Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

437
Businesses Nearby

Demographics for 48146, MI

40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Medical centers in Wayne County, MI

$79.44 Jul
$121 Aug
$126 Sep
$97.65 Oct

Properties on Market for Medical centers in Wayne County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Medical center - 8,000 SF building in prime Lincoln Park location.
Where is this medical center located?
The property is located at 1380 COUNCIL Ave Lincoln Park, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 8,000 SQFT Building; Prime Lincoln Park Location; Perfect for Group Homes, Medical Clinic, or Apartment Building
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Includes: Price & PSF · Cap rate · Location · Zoning

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