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760 Campbell St
Detroit, MI 48209
Berwalt Manor · Multifamily Property For Sale · 67 Units
PROPERTY FACTS
No. Units | 67 | Lot Size | 0.36 AC |
Property Type | Multifamily | Building Size | 52,492 SF |
Property Subtype | Apartment | No. Stories | 4 |
Apartment Style | Mid Rise | Year Built | 1929 |
Building Class | C |
No. Units | 67 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.36 AC |
Building Size | 52,492 SF |
No. Stories | 4 |
Year Built | 1929 |
About 760 Campbell St , Detroit, MI 48209
Berwalt Manor is located at the corner of Campbell Street and the Fisher Freeway service drive. This location doesn’t place Berwalt Manor in the direct footprint of the US Port of Entry for the Gordie Howe International Bridge, yet current plans do place the northbound I-75 entrance ramp from the bridge directly across Berwalt’s front door. This poses a considerable challenge for the continued operation of Berwalt Manor as an apartment complex; however, where there is a challenge there typically lies an opportunity. Due the expected environmental impact that this on-ramp will cause, Berwalt Manor was included in the Environmental Impact Statement. It was specifically mentioned through the following: “Berwalt Manor is an apartment building of historic significance. It has 60+ units located on the northbound service drive of I-75 at Campbell Street. It was to be acquired for right-of-way by all the Practical Alternatives. Due to its historic status, engineering adjustments were made to avoid it. The ramp connecting the new plaza to northbound I-75 passes within 40 feet of the corner of the building at ground level. This would cause noise impacts to the apartments which could not be mitigated with a conventional noise wall treatment. Consequently, MDOT will offer the building’s owners the opportunity to install new windows (consistent with the buildings historic status) and a central heating/air conditioning system to address the noise. These improvements will have ancillary air quality benefits for residents of Berwalt Manor.” With the Environmental Impact Statement being included within the Record of Decision-and a contingency of the Presidential Permit-these proposed improvements to Berwalt Manor are binding. For a new owner, this could be the catalyst for altering Berwalt Manor’s current use and adapting it to take advantage of the new bridge. With the new bridge there is the expectation for an increased demand in office space to address the demands of Homeland Security, US Immigration and Customs Enforcement and the multitude of other government and private agencies expected to take part in the daily operations of the Gordie Howe Bridge.
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 29 | $325.00 | 550 |
1+1 | 34 | $492.00 | 600 |
2+1 | 3 | $583.50 | 750 |
3+1 | 1 | $450.00 | 800 |
PROPERTY TAXES
Parcel Number | 16-0141828 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,066,500 |
PROPERTY TAXES
zoning
Zoning Code | R2 |
R2 |
Learn More About Investing in Apartment Buildings
Listing ID: 13084893
Date on Market: 7/6/2018
Last Updated:
Address: 760 Campbell St, Detroit, MI 48209
The Multifamily Property at 760 Campbell St, Detroit, MI 48209 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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