1401 Seward Ave, Detroit, MI 48206
This 18,496 square foot lot in Detroit, Michigan (APN 06001732), is zoned R3, permitting single-family, townhome, duplex, and multifamily residential development (conditional use for multifamily exceeding 50% studio units). The property benefits from its location within the revitalizing Virginia Park neighborhood, proximate to a significant $3 billion healthcare development encompassing new Henry Ford Hospital facilities, a Michigan State University research center, and over 600 mixed-income housing units. Nearby recent developments include the 27-unit Merrill Place mixed-income housing project. Its strategic position offers easy access to major expressways (M-10, I-75, and I-94), and proximity to key employment centers in New Center, educational institutions (Wayne State University, College of Creative Studies), and numerous amenities. These include retail options (Orange Theory, McDonald's, KFC, Subway, Virginia Park Community Plaza), office buildings, cultural attractions (Motown Museum, Fisher Building), the Detroit Amtrak Station, and public services (Detroit Police Dept - 3rd Precinct, Detroit Library). The property also enjoys convenient access to the Q-Line light rail and several schools. This presents a compelling opportunity for residential development in a rapidly evolving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.