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    15255 Mayfield St Detroit, MI 48205

    Sponsored
    For Sale
    Contact for pricing

    Spacious 2-story building, 24 bedrooms, high potential.

    Property size:
    13,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 13,216 square foot, two-story multifamily building located at 15255 Mayfield St, Detroit, MI 48205. The property, formerly St. Jude Academy, offers significant potential for creative reuse. The building features 24 bedrooms, previously accommodating up to 36 students, and two large common restrooms. An additional below-grade floor adds to the substantial square footage. The property sits on a completely secured site, including a fenced outdoor parking area. Its prime location on Detroit's east side offers proximity to numerous residences and is conveniently situated across the street from Commemoration Park. The impeccably maintained structure presents a rare chance to acquire a substantial property with significant upside potential. The building's size and layout provide ample opportunity for various adaptive reuse scenarios, making it an attractive investment for discerning buyers seeking a unique and promising venture in a desirable Detroit location. The property's existing infrastructure and secure site contribute to its overall appeal and potential for a strong return on investment. This is a truly unique opportunity to acquire a substantial property in a rapidly developing area.

    Property Features for 15255 Mayfield St

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,216 SF

    Building Details

    Stories
    2

    HighLights

    • 13,216 SF two‑story former school building with a lower level, situated on a secure site with fenced parking.
    • 24 bedrooms and two large common restrooms, previously accommodating 36 students.
    • Located in Detroit, MI, on the east side, near residential areas and across from Commemoration Park.
    • Excellent opportunity for creative adaptive reuse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Acadia Healthcare Doctor Capstone Academy North-St. ... School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.964085692766
    Latitude
    42.422415010186

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    FAQs

    What type of property is this?
    Multifamily property - Spacious 2-story building, 24 bedrooms, high potential.
    Where is this multifamily property located?
    The property is located at 15255 Mayfield St Detroit, MI.
    What are key features of this property?
    This property features: 13,216 SF two-story former school building with a lower level, situated on a secure site with fenced parking.; 24 bedrooms and two large common restrooms, previously accommodating 36 students.; Located in Detroit, MI, on the east side, near residential areas and across from Commemoration Park.
    Request Owner's contact information
    15255 Mayfield St Detroit, MI 48205
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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
    15255 Mayfield St Detroit, MI 48205
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