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4742-4754 Anthony Wayne Drive # 4742 Detroit, MI $ 2,100,000
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4742-4754 Anthony Wayne Drive # 4742
$ 2,100,000
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4742-4754 Anthony Wayne Drive # 4742

Detroit, MI, 48201
$ 2,100,000
Bedrooms-- Baths-- Sq 12,658

Monthly Estimate*

$ 13,260

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Commercial Property for sale in Detroit, MI

for $2,100,000. This 12,658 square foot building was built in 1913 on a lot size of 0.45.

4742–4754 Anthony Wayne Drive, Detroit, Michigan, a 9-unit multifamily investment opportunity located near Wayne State University in Midtown Detroit. The property is offered at $2,100,000 and features a reported 8.1% cap rate with additional upside potential. This is a well-located asset in one of Detroit’s most recognized rental corridors, with proximity to Wayne State, the Medical Center, and other major Midtown demand drivers.

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Commercial Active

Price

$ 2,100,000

Property Type

Commercial

Taxes

$ 18,529

Style

RealEstateOnly

Lot Size

0.45

Year Built

1913

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261046617
Features
General
Sewer PublicSewer SewerAtStreet
Heating PackagedHeatCool
Utilities AboveGroundUtilities CableAvailable
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1913
Levels Two
Unit Number 4742
Property Subtype RealEstateOnly
Current Use MultiFamily
Business Type Apartments
County Wayne
Net Operating Income 145800.0
Operating Expense 31500.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name BUTLERS WM A SUB (PLATS)
Garage Y/N N
Status Active
Directions Warren Road east to Anthony Wayne go south to property
City DetroitCity_Wayne
Disclosures AnnualPropertyOperatingDataAvailable
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Residential
Number Of Units Total 9
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 9
Land Lease Y/N N
Tax Annual Amount 18529.03
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 Tenant
Tax Assessed Value 208321
TaxOtherAnnualAssessmentAmount 0.0
Expected Active Date 2026-06-30
Legal Description E THIRD 38-33-34-35 WM A BUTLERS SUB L11 P 89PLARS WCR 4-46 156.6 X 125
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 157 X 125
Lot Size Acres 0.45
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 Y
Fireplace Y/N N
Above Grade Finished Area 12658.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 4742
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* Excluded Features
List By
Glen L Brown

Listing Agent

Re/Max Dream Properties

Broker

(734) 462-3600

Phone

Affordability Calculator

$14,804
Per Month
90%
10%
0%
Monthly Principal & Interest
$13,260
Monthly Property Taxes
$1,544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/30/2026$2,100,000 Listed Price

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4742-4754 Anthony Wayne Drive # 4742, Detroit, MI, 48201 is a Commercial Property for sale at $2,100,000 with 12,658 sqft and a lot size of 0.45. 4742-4754 Anthony Wayne Drive # 4742 was built in 1913. The property's zip code is 48201 which is in Detroit, MI

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