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Renovated 35-Residence Apartment Building
For Sale
Contact for pricing
Pending

629 W Milwaukee Ave, Detroit, MI 48202

Historic property combines residential accommodations with retail space, a swimming pool, lounge, and attached parking.

Property SizeContact for details
Lot Size0.24 Acres
Days on Market148

Property Features for 629 W Milwaukee Ave

General Information

Standard status Pending
Lot size 0.24 Acres
Property subtype Multifamily

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 35

Amenities

swimming pool
lounge
parking lot

Building Details

Year Built 1933
Listing Agency: Sold by Vie
Listed By: Matt O'Laughlin · License #MI
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 1 at 9:28AM

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 Sold by Vie

Investment Insights

Based on property information with market context.

Built in 1933 for General Motors as a hotel, this renovated apartment property now contains 35 residences along with a swimming pool and resident lounge. The former speakeasy bar has been converted to retail space, adding a commercial component to the building’s residential configuration.

The property occupies the corner of West Milwaukee and Second Avenue in Detroit and includes an attached parking lot. An additional 10,600-square-foot parcel lies to the east. The site is near the Baltimore Q-Line Station, restaurants, and notable Detroit architecture.

Key Highlights

  • 35 fully renovated residences
  • Swimming pool and resident lounge
  • Former speakeasy converted to retail space

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Kitchen & Bath Showroom Auto Parts Store Bakery HVAC Service Plumbing 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

35
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,587
Businesses Nearby

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
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 - Historic property combines residential accommodations with retail space, a swimming pool, lounge, and attached parking.
Where is this apartment building located?
The property is located at 629 W Milwaukee Ave Detroit, MI.
What are key features of this property?
This property features: 35 fully renovated residences; Swimming pool and resident lounge; Former speakeasy converted to retail space
More about this property
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