Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Dix Toledo Rd Woodhaven, MI 48183

    For Sale
    Contact for pricing

    140-Unit Apartment Development Opportunity

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a proposed 140-unit multifamily apartment development in Brownstown Township, Michigan, conveniently located on Dix Toledo Road, zip code 48183. The project encompasses seven three-story buildings, totaling 20,000 square feet on a 12.9-acre lot (APN 70-030-99-0031-000). The development plan, approved in 2015 (subject to renewal), includes a mix of unit sizes to cater to diverse needs: 23 units at 835 square feet, 19 units at 1,119 square feet, 60 units at 1,114 square feet, and 8 units at 1,382 square feet. This translates to a variety of one, two, and three-bedroom floor plans. Ample parking is provided with 264 spaces. The property is zoned B1-M-F, allowing for potential alternative uses beyond residential, including commercial options. The price per unit is $5,357.14. This prime location in Woodhaven, Wayne County, offers significant potential for strong rental income and long-term appreciation. The approved plans provide a solid foundation for a swift development timeline. Don't miss this chance to acquire a substantial multifamily asset in a thriving Michigan market.

    Property Features for 0 Dix Toledo Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    20,000 SF

    Building Details

    Buildings
    7
    Stories
    3
    Units
    140

    HighLights

    • Proposed 140‑unit multifamily apartment development.
    • Mixed‑use zoning allows residential and commercial uses.
    • Approved site plan (renewal possible).
    • Seven three‑story buildings, each with 20 units.
    • Unit mix includes one-, two-, and three‑bedroom floor plans.
    • 23 units at 835 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Woodhaven
    County
    Wayne
    State
    Michigan
    Longitude
    -83.254231
    Latitude
    42.152671

    Nearby Similar for Sale

    • $1,150,000
      5,800 SF

      Woodhaven Retail Building For Sale

      Well-maintained 5800 SF commercial building in a thriving business district.
      22720 Allen Rd, Woodhaven, MI 48183
      View Details
    • $169,900
      1,079 SF

      Charming Move-In Ready Condo

      Two-bedroom condo with garage, patio, and included appliances.
      26684 Kirkway Dr, Woodhaven, MI 48183
      View Details
    • Contact for pricing
      24,517 SF

      Woodhaven Industrial Property on Van Horn

      24,517 SF available on 16 acres in Woodhaven.
      22425 Van Horn Rd, Woodhaven, MI
      View Details
    • $1,150,000

      Prime Retail Building For Sale

      Well-maintained 5,800 SF retail building in a thriving business district.
      22720 Allen Rd, Woodhaven, MI 48183
      View Details
    • $100,000

      Established Pizzeria Business Opportunity

      Turnkey pizzeria business for sale in Woodhaven, Michigan.
      19450 Van Horn Rd, Woodhaven, MI 48183
      View Details
    • Contact for pricing

      Retail Space Near Auto Plants

      Retail space with high traffic near major industrial employers.
      25050 Allen Rd, Woodhaven, MI
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 140-Unit Apartment Development Opportunity
    Where is this multifamily property located?
    The property is located at Dix Toledo Rd Woodhaven, MI.
    What are key features of this property?
    This property features: Proposed 140-unit multifamily apartment development.; Mixed-use zoning allows residential and commercial uses.; Approved site plan (renewal possible).
    Request Owner's contact information
    Dix Toledo Rd Woodhaven, MI 48183
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Dix Toledo Rd
    Woodhaven, MI 48183
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Dix Toledo Rd Woodhaven, MI 48183
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.