Detroit, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Detroit, Kansas Market population: 707K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Detroit MI Properties: 3.2100%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Detroit MI
Common questions from investors exploring commercial real estate in Detroit MI.
What is the overall investment outlook for Detroit, considering its demographics and economy?
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The 36.1% poverty rate and $26,325 median household income in Detroit suggest a challenging market, but the 88.0% health insurance coverage and 26.6-minute average commute time indicate a degree of stability and access to employment, making it an attractive option for investors looking for affordable properties with potential for renovation and resale.
How does the ethnic diversity and industry landscape in Detroit impact the local real estate market?
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The city's diverse population, with 67.7% Black, 11.1% White, and 8.1% White Non-Hispanic residents, contributes to a unique cultural scene, while the top industries, including Public Administration, Finance & Insurance, and Information, drive demand for housing and commercial spaces, particularly in areas with easy access to downtown and major employment centers.
What are the key factors to consider when evaluating the quality of life for tenants in Detroit?
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The 26.6-minute average commute time, with 88.0% of residents having health insurance coverage, suggests a relatively stable and healthy environment, but the 36.1% poverty rate and 0.499 GINI coefficient indicate income inequality, which may impact tenant quality and rental income stability, making it essential to carefully assess neighborhood conditions and local amenities.
How do the housing market conditions in Detroit, including property values and taxes, affect investment decisions?
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The median property value of $50,400 and median property taxes of $133,114 in Detroit present a relatively affordable investment opportunity, but the 48.8% homeownership rate and $26,325 median household income may limit rental yield potential, making it crucial to balance property acquisition costs with potential rental income and long-term appreciation prospects.
What role do commute methods and times play in assessing the attractiveness of Detroit's neighborhoods for real estate investment?
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The fact that 88.0% of residents have health insurance coverage and the average commute time is 26.6 minutes, with many residents driving alone or carpooling, suggests that neighborhoods with easy access to major transportation routes and employment centers may be more attractive to tenants, while areas with limited public transportation options may be less desirable, impacting rental yields and property values.
Detroit MI Real Estate & City Facts
Key facts and real estate information about Detroit MI.
What are some of the best neighborhoods to live in Detroit?
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Some of the best neighborhoods to live in Detroit include University District, Sherwood Forest, Green Acres, Palmer Woods, Bagley, and Martin Park. There are also other great neighborhoods like Corktown, Downtown, Eastern Market, and Boston Edison. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Detroit?
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Detroit has a lot to offer when it comes to things to do and attractions. You can visit the Motown Museum, the Detroit Institute of Arts, or take a walking tour of the city. There are also plenty of great parks, like Belle Isle, and breweries to explore. If you're interested in sports, you can catch a Tigers game at Comerica Park. Additionally, the Charles H. Wright Museum of African American History and the Henry Ford Museum are definitely worth a visit.
What is the food scene like in Detroit?
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The food scene in Detroit is vibrant and diverse, with a lot of great restaurants to choose from. You can try traditional Detroit-style pizza at places like Loui's Pizza or Buddy's Pizza. There are also plenty of great breakfast spots, like Honey's Restaurant, and a variety of international cuisines to explore. The city is also known for its food trucks and markets, like Eastern Market, which offer a wide range of delicious options. From classic American comfort food to more adventurous eats, there's something for every taste and budget in Detroit.
What are the pros and cons of living in Detroit?
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Living in Detroit has its pros and cons. On the plus side, the city has a rich history and culture, a vibrant music scene, and a lot of great restaurants and attractions to explore. The cost of living is also relatively low compared to other major cities in the US. However, Detroit has faced significant economic challenges in recent years, which has led to issues like poverty and crime in some areas. Additionally, the city's infrastructure and public transportation system could be improved. Overall, living in Detroit can be a great experience for those who are looking for a unique and affordable place to call home, but it's not without its challenges.
Is Detroit a good place to live?
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Detroit can be a great place to live for the right person. The city has a lot to offer, from its rich history and culture to its vibrant music scene and delicious food. However, it's also a city that has faced significant challenges in recent years, and some areas are still struggling with poverty and crime. Ultimately, whether or not Detroit is a good place to live depends on your individual priorities and what you're looking for in a city. If you're looking for a place with a lot of character and a low cost of living, and you're willing to put in the effort to find the right neighborhood and community, then Detroit might be a great fit for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Detroit MI Commercial Property: $26,325
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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