The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for Stanton Apartments, a 32-unit vacant apartment complex located in the heart of the thriving, historic New Center district of Detroit, Michigan. This three-story apartment complex is 32,476-square feet and located just minutes from Henry Ford Hospital, a state-of-the-art 877-bed tertiary care hospital serving the city of Detroit and surrounding areas. Henry Ford Hospital Detroit is the flagship hospital of Henry Ford Health System, one of the nation’s largest group practices with over 1,200 physicians and 40 specialties. Stanton Apartments is located amongst dense residential communities with over 131,000 households in a five-mile radius and over 355,000 people in a five-mile radius. Stanton Apartments is an ideal multi-family redevelopment opportunity for an incoming investor to take advantage of the thriving Detroit market.
New Center is a commercial and residential historic district located uptown in Detroit, Michigan, adjacent to Midtown, one mile north of the Cultural Center, and approximately three miles north of Downtown. The area is centered just west of the intersection of Woodward Avenue and Grand Boulevard, and is bounded by, and includes the Virginia Park Historic District on the north, the Edsel Ford Freeway (I-94) on the south, John R Street on the east and the Lodge Freeway on the west. The heart of New Center was developed in the 1920s as a business hub that would offer convenient access to both downtown resources and outlying factories. In addition to the government and commercial offices along Woodward and Grand Boulevard, New Center contains the Fisher Theatre, the Hotel St. Regis, the Henry Ford Hospital, restaurants, and residential areas, including numerous new developments.
