The landscape of the historic Corktown neighborhood will change in the coming years, as new construction goes up and Ford plans a mobility-focused campus, brining up to 5,000 workers into the neighborhood. It’s already been a popular neighborhood in Detroit in the past ten years, with diverse housing stock and a thriving commercial corridor.
This new listing sits in the shadow of the train station, which Ford will restore, and offers 16 one-bedroom and studio units. Apartments have hardwood floors, ceiling fans, and mosaic bathroom tiling. It’s listing for $2,249,000.
Some interior renovations have recently taken place, including an upgraded entryway. The offering notes that current rent prices are $1.50 per square foot, while Corktown rentals generally get $2-2.25 per square foot. Some upgrades to the apartments themselves could garner the higher rent. A smaller four-unit apartment building in the area recently sold for just over asking. This one is listed through James Tumey at Friedman Real Estate.