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    4671 Mcdougall St Detroit, MI 48207

    Sponsored
    For Sale
    $195,000

    Prime Detroit location, 3,624 sq ft, redevelopment potential.

    Property size:
    3,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,624 square foot multifamily property at 4671 McDougall St, Detroit, MI 48207 presents a unique investment opportunity. Built in 1915, this two-story building sits on a 0.07-acre lot and is zoned B4, offering significant redevelopment potential. The property currently features two apartments and one retail space, all stripped down to the studs, ready for a complete rebuild. A new asphalt shingle roof has recently been installed. Parking is readily available with a two-car garage and additional street parking. The building boasts a 9-foot clear height, providing ample space for creative design and layout. Located in a developing area of Detroit, this property offers investors the chance to capitalize on the city's revitalization. The asking price is $195,000, translating to $53.81 per square foot. This is a rare chance to acquire a substantial property in a rapidly evolving neighborhood, perfect for those seeking a hands-on renovation project with significant upside. The property's existing infrastructure, combined with its prime location, makes it an ideal candidate for a variety of uses. Don't miss this chance to acquire a piece of Detroit's future.

    Property Features for 4671 Mcdougall St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,624 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    2

    HighLights

    • 3,624 square feet of available space.
    • 9‑foot clear ceiling height.
    • Two apartments and one retail space included.
    • Completely gutted and ready for tenant improvements.
    • Located in an up‑and‑coming neighborhood.
    • New asphalt shingle roof installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0345438
    Latitude
    42.3652584

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    FAQs

    What type of property is this?
    Multifamily property - Prime Detroit location, 3,624 sq ft, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 4671 Mcdougall St Detroit, MI.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 3,624 square feet of available space.; 9-foot clear ceiling height.; Two apartments and one retail space included.
    Request Owner's contact information
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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
    4671 Mcdougall St Detroit, MI 48207
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