Listing Agency: The Jonna Group at Colliers International r***@colliers.com Show Phone

Listed By: Simon Jonna · License #MI 6501357188

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:45AM

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Investment Insights

Based on property information with market context.

This apartment building contains 23 units and is identified as a loft-style property. The asset is located at 400 S Old Woodward Ave in Birmingham, Michigan, within the downtown area.

Key Highlights

• 23‑unit apartment building
• Loft‑style apartment configuration
• Located at 400 S Old Woodward Ave, Birmingham, MI 48009

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Garden Center Catering Service

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

23

Residential units

Location Intelligence

Trade Area within ½ mile

3,671

Businesses Nearby

Explore this area Business Placement

Demographics for 48009, MI

21,817

Population

10,333

Households

2.1

Avg Household Size

43

Median Age

77%

College-Educated

99%

High-School Grad

5.0 sq mi

ZIP Area

4,363

Density / Sq Mi

$152,443

Median Household Income

$84,415

Median Earnings

$1,891

Median Rent

$712,000

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 - Loft-style apartment property positioned in downtown Birmingham.

Where is this apartment building located?

The property is located at 400 S Old Woodward Ave Birmingham, MI.

What are key features of this property?

This property features: 23‑unit apartment building; Loft‑style apartment configuration; Located at 400 S Old Woodward Ave, Birmingham, MI 48009