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    210 Highland St Highland Park, MI 48203

    Sponsored
    For Sale
    $400,000

    172,000 SF Mixed-Use Building, Vacant

    Property size:
    172,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 172,000-square-foot mixed-use property presents a unique redevelopment opportunity in the heart of Highland Park, Michigan. Located at 210 Highland St, this ten-story building sits on a 1.72-acre lot, offering expansive views of the Detroit skyline and New Center. The former hospital building, a prominent landmark, features multiple floor plates within its 9-story brick structure. Priced affordably at $400,000 ($2.32/SF), this vacant property boasts flexible zoning, allowing for residential, commercial, civic, and institutional uses. Its prime location offers easy access to major thoroughfares, including proximity to the Lodge Freeway and only two miles from New Center. This is a rare chance to acquire a substantial building in a rapidly developing area, ideal for a visionary developer seeking a high-impact project. The permitted zoning allows for a wide range of possibilities, making this a truly versatile investment. The building's size and location provide significant potential for a variety of uses, capitalizing on the growing interest in Highland Park's revitalization. The low acquisition cost makes this an attractive opportunity for investors seeking high returns.

    Property Features for 210 Highland St

    General Information

    Property type
    Hospitals
    Square Feet
    172,000 SF
    Lot Size
    74,923 SF

    Building Details

    Buildings
    1
    Stories
    10

    HighLights

    • Redevelopment potential.
    • Low acquisition cost of $2.32 per square foot.
    • Flexible zoning allows for diverse uses.
    • Two miles from the city center.
    • Convenient access to the Lodge Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hospitals

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0988349
    Latitude
    42.395853

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    FAQs

    What type of property is this?
    Hospital - 172,000 SF Mixed-Use Building, Vacant
    Where is this hospital located?
    The property is located at 210 Highland St Highland Park, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Redevelopment potential.; Low acquisition cost of $2.32 per square foot.; Flexible zoning allows for diverse uses.
    (313) 704-2678
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    210 Highland St Highland Park, MI 48203
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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
    210 Highland St Highland Park, MI 48203
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