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    1020-1060 Alter Rd Dearborn Heights, MI 48125

    • Retail properties
    • 32,320 SF
    • 0.69 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1020-1060 Alter Rd

    Year built
    1926
    Lot size
    0.69 lot acres
    Property size
    32,320 SF
    Property type
    Retail properties
    Property subtype
    Apartment buildings

    Description

    This exceptional investment opportunity presents The Bridge Apartments, a 62-unit multifamily property located at 1020-1060 Alter Rd in Detroit, Michigan, bordering Grosse Pointe Park. Built in 1926, this property comprises four buildings totaling 32,320 square feet on a 0.685-acre lot (APN: 21-062699

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.264
    Latitude
    42.2773

    Comparable in this City

    • Value Estimation by Request
      10,080 SF

      3956 Pelham St

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    • Value Estimation by Request
      5,640 SF

      3901 Telegraph Rd

      Retail properties • 5,640 SF
      3901 Telegraph Rd, Dearborn, MI 48125
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    • Value Estimation by Request
      5,760 SF

      4665 Beech Daly St

      CONVENIENCE STORE • 5,760 SF
      4665 Beech Daly St, Dearborn Heights, MI 48125-1570
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    • Value Estimation by Request
      1,012 SF

      25412 Michigan Ave

      CONVENIENCE STORE • 1,012 SF
      25412 Michigan Ave, Dearborn Heights, MI 48125-1034
      View Details
    • Value Estimation by Request
      2,472 SF

      5729 Robinson St

      AUTO REPAIR, GARAGE • 2,472 SF
      5729 Robinson St, Dearborn Heights, MI 48125-3138
      View Details
    • Value Estimation by Request
      7,555 SF

      4843 Telegraph Rd

      AUTO REPAIR, GARAGE • 7,555 SF
      4843 Telegraph Rd, Dearborn Heights, MI 48125-1936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,320 SF

      The Bridge Apartments: Detroit Investment

      62-unit multifamily, high occupancy, strong NOI.
      1020-1060 Alter Rd, Dearborn Heights, MI 48125
      View Details
    • $600,000
      6,750 SF

      Dearborn Heights Commercial Gem

      Versatile 6,750 SF Retail/Warehouse
      4650 Beech Daly St, Dearborn Heights, MI 48125
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    • Contact for pricing
      5,640 SF

      Dearborn Heights Retail Center

      Multi-Tenant Retail Building, High Traffic
      3901 Telegraph Rd, Dearborn, MI 48125
      View Details
    • Contact for pricing
      5,640 SF

      Multi-Tenant Building on Telegraph Road

      Fully leased, multi-tenant building on a busy corner.
      3901-3913 S Telegraph Rd, Dearborn Heights, MI 48125
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    • $5,799,000

      Multi-Use Commercial Property For Sale

      Gas station, medical center, retail plaza, and trucking lot.
      26300 Van Born Rd, Dearborn Heights, MI 48125
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    • $300,000

      Retail Property with Expansion Potential

      NNN leased retail property with expansion and high visibility.
      23804 Van Born Rd, Dearborn Heights, MI 48125
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Office and Apartment Space Available

      Office space and apartment available for lease.
      18624 Van Born Rd, Dearborn Heights, MI 48125
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    • $4,500 /Mo
      6,750 SF

      Dearborn Heights Commercial Space Available

      Versatile commercial space for lease in Dearborn Heights, Michigan.
      4650 S Beech Daly St, Dearborn Heights, MI 48125
      View Details
    • $2,500 /Mo
      9,821 SF

      Prime Retail Space Available

      High-traffic retail space in Vinery Market Plaza, Dearborn Heights.
      3968 Pelham St, Dearborn Heights, MI 48125
      View Details
    • $4,500 /Mo

      Retail Space on Telegraph Road

      Retail space with high traffic and ample parking.
      4807 S Telegraph Rd, Dearborn Heights, MI 48125
      View Details
    • $1,195 /Mo

      Retail/Office Space For Rent

      Retail or professional space with parking and signage available.
      25442 Van Born Rd, Dearborn Heights, MI 48125
      View Details
    • $2,500 /Mo

      Freestanding Commercial Unit For Lease

      Prime location, open floor plan, and ample parking.
      22302 Van Born Rd, Dearborn Heights, MI 48125
      View Details
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    1020-1060 Alter Rd
    Dearborn Heights, MI 48125
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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
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