Pending
1417 Van Dyke Street, Detroit, MI 48214
$400,000
MLS # 20261010486 (Realcomp)
Built 19170.11 acres
1 / 53
Listing Description
Unique mixed-use investment opportunity located at 1417 Van Dyke Ave, Detroit, MI. This three-story property features three income-producing units, including a street-level retail space currently operating as a bookstore, a successful Airbnb unit, and a residential rental. The bookstore space is presently vacant, offering immediate upside potential with projected rental income of approximately $1,400 per month once leased.Property is being offered with both the business opportunity and the real estate, creating flexibility for owner-operators or investors seeking multiple income streams. Ideal for those looking to expand their portfolio with a versatile asset in a growing area. Strong potential for increased cash flow through lease-up and continued short-term rental operation. Gas and electric are on separate meters. A rare chance to acquire a distinctive mixed-use property with built-in revenue and future growth potential.
Source: SparkMLS
About this home
Located in Butzel in Detroit, this property offers 3-bath, with original construction dating to 1917.
Currently offered at $400,000.
Annual property taxes run approximately $3,492 ($291/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.11 acres
Year Built1917
Location
CityDetroit
Zip Code48214
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionWood Siding
BasementMichigan Basement
HeatingForced Air
Sale & Financing
Listed2/18/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,440
Tax Year2025
State Equalized Value$54,400
Assessed Value$54,400
Parcel #17010312.002L
Source: Public Records
Legal Description
W VAN DYKE S 28 FT 45 SHIPHERD SUB L14 P61 PLATS, W C R 17/39 28 X 165 4620 SQFT
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: West Village Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by David Rabior
Clyde Realty LLC
Frequently Asked Questions about 1417 Van Dyke Street, Detroit, MI 48214
What school district is 1417 Van Dyke Street, Detroit, MI 48214 in?
Per MLS# 20261010486, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261010486, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261010486, the most recent reported annual property tax for 1417 Van Dyke Street, Detroit, MI 48214 is $4,258. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1417 Van Dyke Street, Detroit, MI 48214 eligible for USDA financing?
Per USDA Rural Development boundary data, 1417 Van Dyke Street, Detroit, MI 48214 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1417 Van Dyke Street, Detroit, MI 48214 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is this property in a historic district?
Per local historic district records, 1417 Van Dyke Street, Detroit, MI 48214 is located within the West Village Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Loading map...
Tax Estimate
$
Annual tax$3,492
Monthly$291
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$2,885
Principal & interest$2,594
Property taxes$291
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1417 Van Dyke Street, Detroit, MI 48214
View full property history →
Neighborhood
Butzel
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 1417 Van Dyke Street
We'll notify you when something hits the market in Butzel or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.