1550 Cherboneau Place Pl #127 · Detroit, MI 48207

$39,900

2 bd · 1.0 ba · 900 sqft · Condo · 43 Days on market

Built 1963 Fair condition $743/mo HOA · 48% of rent ↓ 26% since listing

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Appreciation +3.6/10.0
• Rent growth +3.4/5.0
• Condition / age +2.2/5.0
• Schools +1.3/10.0

Listing remarks MLS

Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

Key facts

• Exercise room
• Walkable to downtown
• Community room

Tags

• HISTORIC LAFAYETTE PARK
• WALKABLE TO DOWNTOWN
• GATED PARKING
• COMMUNITY ROOM
• EXERCISE ROOM
• SECURE PRIVATE STORAGE

Property features AI

Finance

• Other: Pets not allowed
• HOA & community: Monthly association fee (includes gas, insurance, grounds and structure maintenance, pest control, sewer, snow removal, trash, and water)

Exterior

• Parking: Parking lot (no garage)
• Utilities: Public water; Public sewer
• Home design: Residential stock cooperative; Ground-level entry; One story
• Construction: Brick construction; Block foundation
• Exterior features: Paved road; Sidewalks

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating (natural gas); Wall unit cooling
• Interior features: Elevator; Accessible entrance; Accessible elevator installed; Unfinished basement
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $40k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $209 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.5%/yr); 244 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 39% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.8% appreciation + 3.5% rent growth), your $11k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 48% of rent.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 3.89% ✓
• Cap rate: 12.57%
• Cash-on-cash: 22.41%
• DSCR: 2.00
• GRM: 2.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: 18.1%
• Equity multiple: 1.76×
• Total profit: $8,485
• Equity at exit: $6,321

10-year hold

• IRR: 27.5%
• Equity multiple: 3.70×
• Total profit: $30,202
• Equity at exit: $4,092

Cash invested: $11,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48207

• Home prices YoY: -2.0%
• Rents YoY: 3.5%
• Active inventory: 244
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,554 high
• Mortgage (P&I): −$209
• Tax est. 1.5%: −$50 /mo · $598/yr
• Insurance: −$17
• HOA: −$743
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $209

Break-even live

Break-even rent $1,290

Max offer price $39,900

Occupancy floor 82%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1545 Cherboneau Pl #41 Detroit, MI	1.0	1.0	720	$1,300	$1.81	43d	1	0.04mi
1515 Cherboneau Pl #4 Detroit, MI	2.0	1.0	870	$1,500	$1.72	43d	1	0.06mi
1565 Cherboneau Pl #60 Detroit, MI	1.0	1.0	700	$1,100	$1.57	20d	1	0.07mi
1575 Cherboneau Pl #61 Detroit, MI	1.0	1.0	720	$1,300	$1.81	3d	1	0.08mi
1575 Cherboneau Pl Unit D-56 Detroit, MI	1.0	1.0	800	$1,375	$1.72	43d	1	0.08mi
1 Lafayette Plaisance St Detroit, MI	2.0	1.0	840	$2,337	$2.78	1d	28	0.18mi
1600 Antietam Ave Detroit, MI	1.0	1.0	530	$1,275	$2.41	43d	5	0.20mi
1544 1566 E LAFAYETTE St Detroit, MI	2.0	1.0–2.0	848	$2,515	$2.97	3d	16	0.25mi
1989 Orleans St Detroit, MI	2.0	2.0	964	$1,700	$1.76	43d	1	0.25mi
1405 Rivard St Detroit, MI	2.0	1.0–2.0	665	$2,530	$3.80	3d	9	0.26mi
1410 Gratiot Ave Unit 202 Detroit, MI	1.0	1.0	1100	$1,995	$1.81	43d	1	0.28mi
621 Orleans St Detroit, MI	1.0–2.0	1.0	775	$1,425	$1.84	2d	7	0.31mi
1531 Larned St Detroit, MI	1.0	1.0–1.5	840	$1,380	$1.64	43d	1	0.36mi
1387 Larned St Detroit, MI	2.0	1.0–1.5	825	$1,599	$1.94	3d	8	0.38mi
1401 Chene St Detroit, MI	1.0	1.0	536	$915	$1.71	10d	1	0.41mi
1001 E Jefferson Ave Detroit, MI	2.0	1.0	615	$2,265	$3.68	43d	20	0.52mi
1001 E Jefferson Ave Detroit, MI	2.0	1.0	562	$2,230	$3.96	3d	14	0.52mi
1941 Chene Ct Detroit, MI	1.0–2.0	1.0–2.0	795	$1,200	$1.51	12d	4	0.52mi
2001 Chene St Detroit, MI	2.0	1.0	950	$1,069	$1.13	43d	1	0.53mi
2280 E Vernor Hwy Detroit, MI	1.0–3.0	1.0–2.0	872	$919	$1.05	20d	1	0.56mi
750 Chene St Detroit, MI	1.0	1.0	550	$1,212	$2.20	2d	19	0.56mi
229 Orleans St Detroit, MI	1.0–2.0	1.0–2.5	1087	$2,779	$2.56	2d	10	0.60mi
310 Gratiot Ave Detroit, MI	2.0	1.0–2.0	753	$3,635	$4.83	20d	13	0.70mi
2716 Macomb St Detroit, MI	1.0–2.0	1.0–1.5	617	$1,250	$2.02	15d	1	0.74mi
1538 Centre St Detroit, MI	1.0	1.0	475	$1,250	$2.63	24d	6	0.76mi
555 Brush St Unit 1615 Detroit, MI	2.0	1.0	1020	$1,715	$1.68	44d	1	0.78mi
555 Brush St Unit 814 Detroit, MI	1.0	1.0	840	$1,335	$1.59	44d	1	0.78mi
555 Brush St Unit : 3007 Detroit, MI	1.0	1.0	925	$1,850	$2.00	44d	1	0.78mi
555 Brush St Unit 1215 Detroit, MI	1.0	1.0	840	$1,395	$1.66	44d	1	0.78mi
555 Brush St Unit : 1017 Detroit, MI	2.0	1.0	1020	$1,495	$1.47	44d	1	0.78mi
555 Brush St Unit : 3009 Detroit, MI	1.0	1.0	840	$1,720	$2.05	44d	1	0.78mi
555 Brush St Unit 3104 Detroit, MI	2.0	2.0	1020	$2,195	$2.15	44d	1	0.78mi
111 Cadillac Sq Detroit, MI	1.0	1.0	562	$935	$1.66	43d	1	0.82mi
269 Winder St Detroit, MI	1.0	1.0	509	$1,380	$2.71	43d	1	0.83mi
500 River Pl Dr Detroit, MI	1.0–3.0	1.0–2.0	950	$1,625	$1.71	43d	1	0.87mi
10 Witherell St Detroit, MI	1.0–2.0	1.0–2.5	1394	$6,000	$4.30	5d	8	0.87mi
10 Grand River Ave Detroit, MI	1.0	1.0	884	$1,850	$2.09	3d	2	0.92mi
10 W Adams Ave Detroit, MI	1.0	1.0	715	$1,245	$1.74	5d	3	0.92mi
35 W Grand River Ave Detroit, MI	1.0	1.0	639	$1,810	$2.83	1d	1	0.93mi
66 Winder St Detroit, MI	1.0	1.0	900	$2,100	$2.33	12d	1	0.93mi

HOA detail condo

• Monthly dues: $743 · $8,916/yr
• Likely covers: watertrashlandscapingsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-05-15
   status Pending 942-char remark

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

2. 2026-05-15
   status Pending

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

3. 2026-04-16
   historical Accepting Backup Offers 942-char remark

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

4. 2026-04-16
   historical Active Under Contract

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

5. 2026-04-02
   listed $39,900 Active 942-char remark

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

6. 2026-04-02
   listed $39,900 Active

   Show marketing remark (942 chars)

   Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

7. 2026-03-31
   historical
8. 2026-03-31
   historical
9. 2026-03-09
   status Active
10. 2026-03-09
    status Active
11. 2026-01-30
    historical Accepting Backup Offers
12. 2026-01-30
    historical Active Under Contract
13. 2025-12-17
    status Active
14. 2025-12-17
    status Active
15. 2025-10-20
    historical Active Under Contract
16. 2025-10-20
    historical Accepting Backup Offers
17. 2025-09-17
    price $39,900
18. 2025-09-16
    price $39,900
19. 2025-08-14
    price $42,900
20. 2025-08-14
    price $42,900
21. 2025-04-22
    historical
22. 2025-04-22
    status Active
23. 2025-04-17
    listed $45,000 Active
24. 2025-04-17
    listed $45,000 Active
25. 2025-04-17
    historical
26. 2025-04-17
    historical
27. 2025-02-21
    listed $54,000 Active
28. 2025-02-21
    listed $54,000 Active
29. 2025-02-19
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,644
• − Mortgage interest: −$2,235
• − Property taxes: −$598
• − Insurance: −$200
• − Repairs & maintenance: −$1,491
• − Management: −$1,491
• − HOA: −$8,916
• − Depreciation: −$1,161
• Taxable income: $2,551
• Est. tax owed @ 24.0%: −$612
• After-tax cash flow: $1,891/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab

This 2-bedroom condo in Lafayette Park Co-op requires moderate renovations, including painting and new flooring, to improve its resale and rental value.

Repairs flagged

• Major Paint — The exterior and interior walls appear dull and lack vibrancy
• Major Flooring — The flooring appears worn and may need replacement

Value-add opportunities

• Both Painting — Fresh paint can significantly improve the curb appeal and interior aesthetics
• Both New Flooring — New flooring can enhance the overall look and feel of the home
• Both Landscaping — Well-maintained landscaping can improve the curb appeal and attract potential buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · The exterior and interior walls appear dull and lack vibrancy	Major	$15,000–50,000
Flooring · The flooring appears worn and may need replacement	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both Painting — Fresh paint can significantly improve the curb appeal and interior aesthetics ↑
• Both New Flooring — New flooring can enhance the overall look and feel of the home ↑
• Both Landscaping — Well-maintained landscaping can improve the curb appeal and attract potential buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Detroit Public Schools Community District
• NCES district ID: 2601103
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 6.00%
• Median HH income: $25,815
• Composite: 13.06/100
• National rank: #9564
• State rank: #499 of 540 in MI

Livability — Detroit

• Score: 73/100
• State rank: #218
• US rank: #5427

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit, MI
• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 20,848
• Household income: $47,831
• Rent vs Own: 74.2% rent · 25.8% own
• Severe rent burden: 2017.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (74%)
• Race & ethnicity: Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.79%
• Current HPI: 136.6328
• Rent YoY: ▲ 3.53%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-26.1% since first listed

29 events — show timeline

• 2026-05-15 Pending — MiRealSource-MiMLS
• 2026-05-15 Pending — REALCOMP
• 2026-04-16 Contingent — MiRealSource-MiMLS
• 2026-04-16 Contingent — REALCOMP
• 2026-04-02 Listed $39,900 REALCOMP
• 2026-04-02 Listed $39,900 MiRealSource-MiMLS
• 2026-03-31 Listing Removed — MiRealSource-MiMLS
• 2026-03-31 Listing Removed — REALCOMP
• 2026-03-09 Relisted — MiRealSource-MiMLS
• 2026-03-09 Relisted — REALCOMP
• 2026-01-30 Contingent — MiRealSource-MiMLS
• 2026-01-30 Contingent — REALCOMP
• 2025-12-17 Relisted — MiRealSource-MiMLS
• 2025-12-17 Relisted — REALCOMP
• 2025-10-20 Contingent — REALCOMP
• 2025-10-20 Contingent — MiRealSource-MiMLS
• 2025-09-17 Price Changed $39,900 MiRealSource-MiMLS
• 2025-09-16 Price Changed $39,900 REALCOMP
• 2025-08-14 Price Changed $42,900 MiRealSource-MiMLS
• 2025-08-14 Price Changed $42,900 REALCOMP
• 2025-04-22 Listing Removed — REALCOMP
• 2025-04-22 Relisted — REALCOMP
• 2025-04-17 Listing Removed — MiRealSource-MiMLS
• 2025-04-17 Listing Removed — REALCOMP
• 2025-04-17 Listed $45,000 MiRealSource-MiMLS
• 2025-04-17 Listed $45,000 REALCOMP
• 2025-02-21 Listed $54,000 MiRealSource-MiMLS
• 2025-02-21 Listed $54,000 REALCOMP
• 2025-02-19 Coming Soon — MiRealSource-MiMLS