Detroit’s Coleman A. Young Airport: A New Era for Investors

For nearly a century, the Coleman A. Young International Airport has stood as a symbol of Detroit’s aviation history. But for decades, it remained stagnant, with no major upgrades or expansions.

That’s all changing now.

On Monday, Avflight broke ground on a $5 million project to build a new hangar and terminal, marking the first major revitalization effort at the airport in over 50 years. This isn’t just an infrastructure upgrade—it’s a signal of Detroit’s ongoing economic recovery and a golden opportunity for landlords and investors.

As Detroit City Councilmember Scott Benson said, “We’re not just breaking ground on a new Avflight hangar and terminal, but we are firmly planting the seeds for a new era of opportunity, connectivity, and progress in our beloved city.”

The Project: Avflight’s $5M Investment in Detroit’s Airport

Avflight, a fixed-base operator, is investing over $5 million to construct:

• A 20,000-square-foot hangar
• A 5,000-square-foot terminal

The project, expected to be completed by December, is part of a 30-year lease agreement with the city.

This development follows the Federal Aviation Administration’s 2022 approval of a 20-year plan to revitalize the airport, unlocking federal grant funding for renovations. The airport will also welcome back the Davis Aerospace City High School, further solidifying its role as a hub for education and innovation.

Why Airport Expansions Matter: Economic and Real Estate Impacts

Airport expansions are more than just infrastructure projects—they’re economic engines. Here’s what this means for Detroit:

1. Economic Growth and Job Creation

• Airports are job creators. According to the Airports Council International, every $1 billion spent on airport infrastructure generates 10,500 jobs.
• Avflight’s project alone will create hundreds of construction jobs, with long-term roles in aviation, maintenance, and customer service to follow.

2. Rising Property Values

• Proximity to a revitalized airport can boost property values. Studies suggest homes near major airports can see a 20-25% increase in value after significant upgrades.
• Caveat: Properties too close to the airport may face noise pollution, which can negatively impact values. But don’t worry—we’ll highlight ideal investment areas below.

3. Increased Rental Demand

• Airports attract aviation professionals, business travelers, and support staff, all of whom need housing.
• This leads to higher rental demand and lower vacancy rates in nearby neighborhoods.

4. Boost to Local Businesses

• Airports drive foot traffic to nearby businesses, from restaurants to retail, further stimulating the local economy.

Where to Invest: Top Areas Near the Airport

If you’re looking to capitalize on this development, consider these nearby areas. They’re close enough for an easy commute to the airport but far enough to avoid noise pollution:

1. Dearborn Heights

• Why Invest: Affordable homes, a strong middle-class tenant base, and proximity to major highways.
• Tenant Appeal: Ideal for families and professionals seeking a suburban feel with easy access to the airport.

2. Redford Township

• Why Invest: Known for its well-maintained housing stock and reliable Class B tenants.
• Tenant Appeal: A favorite among Metro Detroit investors for its balance of affordability and stability.

3. Warren

• Why Invest: A growing city with a mix of affordable and mid-range properties.
• Tenant Appeal: Already a hub for professionals and families, Warren offers strong rental demand and steady appreciation.

These Ring Cities already had strong rental potential before this announcement, and the airport’s revival will only enhance their appeal to aviation professionals and other tenants.

Final Thoughts: A Takeoff for Investors

The Coleman A. Young International Airport’s $5 million renovation is a catalyst for economic growth, rising property values, and increased rental demand.

For landlords and investors, this is the perfect time to explore opportunities in nearby neighborhoods like Dearborn Heights, Redford Township, and Warren. These areas offer the ideal mix of affordability, tenant demand, and proximity to the airport.

Want to explore off-market investment properties near the airport? today for a list of exclusive opportunities!