John R Apartments 2627 John R St

Greater Development, LLC is pleased to present this mixed use re-development property in the heart of Brush Park, Detroit, Michigan. The property consists of 72 apartment units and approximately 4,500 square feet of retail space. The apartments are 63% vacant and the retail space is 100% vacant. The property is lined up for re-development, as it is located in an opportunity zone , as well as a neighborhood enterprise zone. Walkable (within 1 and 3 blocks) to all three sports stadiums, as well as adjacent to the newest and wealthiest community in the city (City Modern), this is one of the most well positioned re-development assets in the City of Detroit.
Brush Park is what connects CBD Detroit to Midtown. People who live here are walking distance to all of the necessities that they need. There is some of the best food, sports and entertainment, shops and parks that the City has to offer, all within a few blocks of the property. This walkers paradise is steps away from all major Detroit sporting teams and events (Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre). For people looking to live in Detroit without a car, the QLINE is a block away, making the entire city accessible steps away from the property.
Not everyone can afford to live in City Modern Brush Park. This property that is being offered, is one of the only class B assets in this A+ location. Once rehabilitated, these units and retail space will have a huge demand for rent as the rents will and should be set slightly under what the new construction product in the area is renting for.