1300 Porter St - Apartments FOR SALE


Dearborn, MI 48124
$1,000,000 USD
313-680-0000
1300 Porter St, Dearborn, MI for Sale
$1,000,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

1300 Porter St
Dearborn, MI 48124


HIGHLIGHTS

  • Unbeatable Location
  • Just steps from some of Dearborn's most popular destinations
  • The Great Commoner & Le Cigar Lounge

OVERVIEW

1300 PORTER STREET Prime Downtown Dearborn Multifamily Opportunity – Exceptional Value-Add Investment Located in the heart of Downtown Dearborn, this rare redevelopment opportunity offers tremendous upside for investors and developers alike. 100% vacant building ready for immediate renovation and repositioning. Currently framed for 20 units with the potential to reconfigure into 10 spacious two-bedroom units. Electrical infrastructure has already been installed, and the majority of windows are in good condition. This property offers a blank slate for redevelopment in a market with strong rental demand and continued growth. Ideally situated just steps from The Great Commoner and Le Cigar Lounge, with walkable access to restaurants, coffee shops, retail, and entertainment throughout Downtown Dearborn. Excellent opportunity for developers, investors, and operators seeking to create a boutique apartment community, workforce housing project, or modern multifamily asset in a prime location. BATVAI. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to Verify All Information.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$17 USD /SF

# OF UNITS

20

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dearborn Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

163

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

BB

APN/PARCEL ID

32-09-223-17-019

ASK ABOUT THIS PROPERTY

Hassan ScheibOwn It RealtyMore Info
313-680-0000

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Hassan ScheibOwn It RealtyMore Info
313-680-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.