22400 Plymouth Rd - Hospitality FOR SALE


Detroit, MI 48239- Cody
$825,000 USD
586-999-9286
22400 Plymouth Rd, Detroit, MI for Sale
$825,000 USD
Hospitality - FOR SALE
1/15
null | 14.55% Cap Rate

22400 Plymouth Rd
Detroit, MI 48239
Cody


HIGHLIGHTS

  • Value Add= Possible Apartment conversion
  • Historically High Gross Sales
  • 24,000 VPD pass the subject property

OVERVIEW

Park Drive Motel, located at 1727–22400 Plymouth Rd in Redford Township near Lincoln Park, offers a compelling value-add investment opportunity with 21 total rooms, including 16 currently operational, plus a 2-bedroom manager’s apartment. The property presents significant upside potential, as all rooms can be converted into studio-style apartments, allowing for repositioning into a higher-income, long-term rental asset. Strategically situated along a high-traffic corridor with strong visibility and close proximity to Detroit, the asset benefits from consistent demand driven by workforce housing and extended-stay needs. With opportunities to increase revenue through unit conversion, improved occupancy, and operational enhancements, this property is ideal for investors or owner-operators seeking both immediate cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

21

PRICE/ROOM

$39,286 {currency}

CAP RATE

14.55%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Drive Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

B4

APN/PARCEL ID

22-0055724,22-005575

ASK ABOUT THIS PROPERTY

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

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Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

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