I now work for a high-end custom home builder in Highland Park, University Park and Preston Hollow.

Well, from what I've heard (I haven't done enough driving around myself), there are some potential gems in the Detroit historical neighborhoods of Boston-Edison, Sherwood Forest, and Lafayette Park.

Check to make sure theres enough  car parking to support both store fronts, plus the tenants of the apartments (city can limit the types of businesses depending on parking, for instance if theres not a lot of parking they can not permit restaurants).Also find out if the building is in a DDA controlled area.

Below are the Numbers I've gathered: 48 APARTMENT COMPLEX – PARK LANE APARTMENTS 20 UNIT TOWN HOUSE COMPLEX – NORTH COLONY TOWN HOUSES 202 – 208 NORTH MAIN ST., NORTH SYRACUSE, NY PARK LANE APARTMENTS 16 ONE BEDROOM APARTMENTS 32 TWO BEDROOM APARTMENTS RENT INCLUDES HEAT AND HOT WATER LAUNDRY ROOMS – 8 NORTH COLONY TOWN HOUSES 20 TWO BEDROOM, ONE AND ONE HALF BATHROOMS BASEMENTS WITH WASHER/DRYER HOOK-UPS TENANTS PAY ALL UNTILITIES WATER IS SEPERATELY METERED (TENANTS COULD BE BILLED FOR USAGE – NOT CURRENT POLICY) CONDITION OF PROPERTY: PARK LANE: ROOFS NEED TO BE REPLACED WINDOWS NEED TO BE REPLACED NEW BOILERS WERE INSTALLED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED ALL APARTMENTS AND COMMON AREAS ARE IN GOOD SHAPE NORTH COLONY: ROOF WAS REPLACED IN 2009 WINDOWS WERE REPLACED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED / REAR OF BUILDING NEEDS PAINTING FINANCIALS: OFFEERING PRICE $3,200,000 REPAIR INVESTMENT FROM SELLER $200,000 -SELLER WILL GIVE BUYER $200,000 AT CLOSING FOR ABOVE LISTED DEFERRED MAINTENANCE ITEMS PROFORMA P&L - MONTHLY RENTS @ 100% $44,000 LAUNDRY COINS $1,100 MONTHLY INCOME $45,100 EXPENSES MORTGAGE - $2,560,000 @5.5% FOR 25 YEARS $15,721 PROPERTY TAXES 9,700 PROPERTY INSURANCE 1,600 ELECTRIC & GAS (2013 ACTUALS) 1,700 WATER (2013 ACTUALS) 1,300 VACANCY ALLOWANCE – 8% 3,550 ALLOWANCE FOR MAINTENANCE 2,500 ($36,071) NET MONTHLY CASH FLOW $9,029 17% RETURN ON INVESTMENT OF $640,000 A few things to note.

Well, here is some out of the box thinking from someone not involved in commercial real estate nor the hospitality industry, but very involved as a patron of restaurants...First question... is your location good for restaurant traffic and does it have adequate parking?

this other one I remember was, I person living in a condominium shared a parking garage what time of ownership does he and the people own in the garage?

@Willaim Allen, it's in Lexington Park, St Mary's.

Hi Everyone,My name is Jeff from the south suburbs of Chicago (Orland Park).

I would like to be near/in Grant Park, but that is not necessarily a requirement.  

Daniel, I wonder whether you could share one of your successes with "land flips"Kevin Vaught, Oak Park, IL