Listed by Berkshire Hathaway HomeServices The Loft Warehouse
$1,450,000
1450 6th Street package
Details
APN W06I004564C743
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 4,200
Units 5
NOI $76,800
Year Built 1906
Acreage 0.420
Multifamily | 5 Units
Marketing description
A developer’s opportunity for immediate cashflow + vacant land for redevelopment - in the heart of Corktown - adjacent to the central business district and Riverfront. The package is made of three separate pieces: 1) Triangle-shaped vacant land to the north (1500 6th); 2) a brick 5-unit, occupied, newer roof and boiler, includes vacated Labrosse St (1450 6th) and 3) vacant land to the south of the structure (1440 6th). This location is in close proximity to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Half a block south on 6th street, two vacant office towers and multiple lots are being redeveloped into hotel, residential and retail. The offering is a half acre and combined under tax ID 06004564-743. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes. Additional photos available upon request. Located in an NEZ-New/Rehab district (property tax abatement), and an Opportunity Zone.
Listing Contacts
Listed by Berkshire Hathaway HomeServices The Loft Warehouse
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,800.00
$6,400.00/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
Map
Zoning
B6 SpecialGeneral Services District
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View all 268 uses
View all 268 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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