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1561 Webb Street Detroit, MI $ 199,000
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$ 199,000 Get more info
1561 Webb Street
$ 199,000
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1561 Webb Street

Detroit, MI, 48206
$ 199,000
Bedrooms-- Baths-- Sq 8,648

Monthly Estimate*

$ 1,225

1561 Webb Street, Detroit, MI 48206 - Image 1
1561 Webb Street, Detroit, MI 48206 - Image 2
1561 Webb Street, Detroit, MI 48206 - Image 3
1561 Webb Street, Detroit, MI 48206 - Image 4
1561 Webb Street, Detroit, MI 48206 - Image 5

Commercial Property for sale in Detroit, MI

for $199,000. This 8,648 square foot building was built in 1916 on a lot size of 0.36.

8-unit brick multi-family investment opportunity in Detroit. Property features a new roof and has been fully interior demoed down to the studs, providing a true blank slate for redevelopment and value-add potential. Seller/agent has a full scope of work available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit, allowing investors to move forward with a clear renovation vision and execution plan. Projected market rents estimated between $950–$1,200 per unit once completed. Ideal for investors, buy-and-hold, or portfolio expansion strategies seeking strong future cash flow and appreciation.

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Commercial Active

Price

$ 199,000

Property Type

Commercial

Taxes

$ 7,656

Style

RealEstateOnly

Lot Size

0.36

Year Built

1916

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261008320
Features
General
Sewer PublicSewer
Possession AtClose
Roof ENERGYSTARShingles
Garage Spaces 0.0
Construction Materials Brick
Year Built 1916
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
County Wayne
Net Operating Income 0.0
Operating Expense 3838.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name ROBERT OAKMANS HAMILTON BLVD SUB
Garage Y/N N
Status Active
Directions Southfield and Grand river
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily
Number Of Units Total 8
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 7656.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 50600
Expected Active Date 2026-02-13
Legal Description S WEBB W 36.2 FT ON N LINE BG W 35 FT ON S LINE 103 102&101 R OAKMANS HAMILTON BLVD SUB L29 P37 PLATS W C R 6/156 152.7 IRREG
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Exterior
Parking Features ParkingLot
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 8648.0
Lot Dimensions 153.00X102.00
Lot Size Acres 0.36
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 8648.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 1561
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* Excluded Features
List By
Jennifer Aparicio-Zavalza

Listing Agent

Exp Realty Main

Broker

(313) 350-3731

Phone

Affordability Calculator

$1,863
Per Month
66%
34%
0%
Monthly Principal & Interest
$1,225
Monthly Property Taxes
$638
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/10/2026$199,000 Listed Price

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1561 Webb Street, Detroit, MI, 48206 is a Commercial Property for sale at $199,000 with 8,648 sqft and a lot size of 0.36. 1561 Webb Street was built in 1916. The property's zip code is 48206 which is in Detroit, MI

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