# 1197 VIRGINIA PARK Street, Detroit, MI 48202

> **TL;DR:** commercial, $1,075,000 ($65/sqft), built 1916, 16,546 sqft. Est. $4,658/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,075,000 |
| Price/sqft | $65 |
| Square Feet | 16,546 |
| Year Built | 1916 |
| Lot Size | 13,939 sqft (0.32 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 21 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,658 |
| **Total** | **$4,658** |

## Property Highlights

- Built in 1916
- 0.32 acre lot
- 2 stories

## Description

### Agent Description
Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside.

The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow.

Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system.

Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants.

Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths. New Occupancy Permit as of April 2026

## Location

- **Address:** 1197 VIRGINIA PARK Street, Detroit, MI 48202
- **County:** Wayne
- **Neighborhood:** VIRGINIA PK SUB OF PT OF1/4 SEC 55 TTAT

## Listing Agent

- **Name:** James T Silver
- **Brokerage:** Keller Williams Somerset
- **Phone:** 2485307292
- **Email:** silverteam01@gmail.com

## Primary Photo

![1197 VIRGINIA PARK Street - Primary Photo](http://lh.rdcpix.com/14baede7f9642916d650ec39b78abc31l-f2586129720r.jpg)

*94 total photos available on [listing page](https://www.propertysimple.com/listing/1197-virginia-park-street-detroit-mi-48202-61018059)*

---

**MLS#:** 20261018059 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1197-virginia-park-street-detroit-mi-48202-61018059)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "1197 VIRGINIA PARK Street, Detroit, MI 48202",
  "description": "Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside.\n\nThe building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow.\n\nSignificant",
  "url": "https://www.propertysimple.com/listing/1197-virginia-park-street-detroit-mi-48202-61018059",
  "image": "http://lh.rdcpix.com/14baede7f9642916d650ec39b78abc31l-f2586129720r.jpg",
  "datePosted": "2026-04-25",
  "price": 1075000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "1197 VIRGINIA PARK Street",
    "addressLocality": "Detroit",
    "addressRegion": "MI",
    "postalCode": "48202",
    "addressCountry": "US"
  },
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 16546,
    "unitCode": "FTK"
  },
  "yearBuilt": 1916
}
```