1981 Mcnichols Rd Highland Park, MI 48203
Sponsored
Detroit Apartment Building, Value-Add Opportunity
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 393
Property Features for 1981 Mcnichols Rd
General Information
- Property type
- Multifamily properties
- Lot Size
- 78,408 SF
Building Details
- Year Built
- 1925
HighLights
- Exceptional value‑add opportunity: 100% vacancy allows for immediate lease‑up and renovations of fire‑damaged units.
- Prime Highland Park location: 0.6 miles from Henry Ford Hospital, 1.2 miles from Wayne State University, and a 15‑minute drive to Downtown Detroit.
- Excellent access to higher education and major roadways: Near University of Detroit Mercy, Woodward Avenue, I‑75, and M‑10.
- Cost‑effective repositioning potential: Renovation offers lower costs than new construction.
- Desirable location with recreational amenities: Adjacent to Palmer Park and Detroit Golf Club, offering walking trails and recreational facilities.
- Enhanced resident safety: Located near increased police presence and well‑lit areas.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1205827
- Latitude
- 42.4172316
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Detroit Apartment Building, Value-Add Opportunity
Where is this multifamily property located?
The property is located at 1981 Mcnichols Rd Highland Park, MI.
What are key features of this property?
This property features: Exceptional value-add opportunity: 100% vacancy allows for immediate lease-up and renovations of fire-damaged units.; Prime Highland Park location: 0.6 miles from Henry Ford Hospital, 1.2 miles from Wayne State University, and a 15-minute drive to Downtown Detroit.; Excellent access to higher education and major roadways: Near University of Detroit Mercy, Woodward Avenue, I-75, and M-10.
