4020 W Lafayette Blvd Detroit, MI 48209
Multifamily property in Southwest Detroit, a growing, vibrant community.
Type:Multifamily
Property size:
55,934 SFPrice / SF:
$44/SF- Added:
- Jul 28, 2023
- Days on Market:
- 1016
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4020 W Lafayette Blvd
General Information
- Standard status
- Active
- Size
- 55,934 SF
- Property subtype
- Multifamily
Listing agent Leo Gonzalez License #MI 6502126741
Listing office CRS, Commercial Real Estate Services
Listing date Jul 28, 2023
Source Crexi
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 CRS, Commercial Real Estate Services
HighLights
- Located in Southwest Detroit, a vibrant and historic area experiencing significant growth.
- Part of Detroit's revitalization, with over $7 billion in planned, under‑construction, and completed projects in nearby markets.
- Benefit from major investments by Bedrock and Ford Mo Co, exceeding $2 billion.
- Close proximity to a wide array of diverse cuisines and cultural experiences.
- Appeals to a younger workforce seeking a live, work, and play environment.
- Growing housing options available to support the influx of new corporate jobs.
Overview
Detroit Multifamily Investment Opportunity
Located in Southwest Detroit, this multifamily property presents an investment opportunity in a colorful and historically rich area. The neighborhood is known for its diverse culinary scene, featuring restaurants offering Mexican, Dominican, and Venezuelan cuisines. Southwest Detroit is experiencing growth alongside the broader revitalization of Detroit, which includes new retail and service businesses, as well as corporate interest in establishing a presence in the city. This expansion has led to increased housing options, including apartments, condos, and homes, to accommodate the influx of new corporate employees. Detroit's appeal to a younger workforce seeking a live, work, and play environment, along with empty nesters desiring to be part of the city's resurgence, contributes to the market's dynamism. The New Center, Midtown, Downtown Corktown, and Southwest Detroit areas are witnessing over $7 billion in planned, under construction, and completed projects. Major investments from companies like Bedrock and Ford Mo Co are further driving this comeback, with projects exceeding $2 billion in investment. The property is situated on a 55,934 square foot lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Yorba Hotel
Hotel & Motel
Hospitality Investment Group
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.088163
- Latitude
- 42.31593
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Multifamily property in Southwest Detroit, a growing, vibrant community.
Where is this multifamily property located?
The property is located at 4020 W Lafayette Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Located in Southwest Detroit, a vibrant and historic area experiencing significant growth.; Part of Detroit's revitalization, with over $7 billion in planned, under‑construction, and completed projects in nearby markets.; Benefit from major investments by Bedrock and Ford Mo Co, exceeding $2 billion.
