Detroit Multifamily Investment
For Sale
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4020 W Lafayette Blvd, Detroit, MI 48209
Multifamily property in Southwest Detroit, a growing, vibrant community.
Property Size55,934 SF
Price / SF$44.70
Days on Market1112
Property Features for 4020 W Lafayette Blvd
General Information
Standard status
Active
Size
55,934 SF
Property subtype
Multifamily
Building Details
Year Built
1920
Stories
4
Units
250
Listing Agency:
CRS, Commercial Real Estate Services
Listed By:
Leo Gonzalez · License #MI 6502126741
Source:
Crexi
Added: Jul 28, 2023
Changed: Aug 8
Last Checked: Aug 12 at 8:58AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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.
