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Dearborn Apartments 1265-1315 Monroe St 20 Unit Apartment Building $1,000,000 ($50,000/Unit) Dearborn, MI 48124
Investment Highlights
- Unbeatable Location
- The Great Commoner & Le Cigar Lounge
- Just steps from some of Dearborn's most popular destinations
Executive Summary
1300 PORTER STREET Prime Downtown Dearborn Multifamily Opportunity – Exceptional Value-Add Investment Located in the heart of Downtown Dearborn, this rare redevelopment opportunity offers tremendous upside for investors and developers alike. 100% vacant building ready for immediate renovation and repositioning. Currently framed for 20 units with the potential to reconfigure into 10 spacious two-bedroom units. Electrical infrastructure has already been installed, and the majority of windows are in good condition. This property offers a blank slate for redevelopment in a market with strong rental demand and continued growth. Ideally situated just steps from The Great Commoner and Le Cigar Lounge, with walkable access to restaurants, coffee shops, retail, and entertainment throughout Downtown Dearborn. Excellent opportunity for developers, investors, and operators seeking to create a boutique apartment community, workforce housing project, or modern multifamily asset in a prime location. BATVAI. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to Verify All Information.
Property Facts
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 1.48 AC |
| Sale Type | Investment | Building Size | 8,990 SF |
| No. Units | 20 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1927/2025 |
| Apartment Style | Mid-Rise | Parking Ratio | 18.13/1,000 SF |
| Zoning | BB | ||
| Price | $1,000,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.48 AC |
| Building Size | 8,990 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2025 |
| Parking Ratio | 18.13/1,000 SF |
| Zoning | BB |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 455 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $231,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$231,000
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Dearborn Apartments | 1265-1315 Monroe St
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