5045 Trumbull Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208 2041
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,894 sqft
Price per Sqft $84
Subdivision Mi
MLS Listing ID 60918378
Annual Tax Amount $5,481
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 123.63X130
Property Sub-Type Commercial/Industrial
Property Description
Located on Trumbull Avenue in the heart of Woodbridge directly across the street from Wayne State University, this sale includes a brick duplex, a brick commercial building, parking lot, and two ga- rage structures. Both buildings were built in 1910, and the duplex features two two-bedroom apart- ments with an unfinished basement and a skywalk connecting the buildings on the second floor. 5045 Trumbull was built as a stately single-family home and has since been converted into a com- mercial building, housing a former funeral home. The building features original character with beau- tiful intricate woodworking, and has potential to be converted back to a single-family home or a multi-family apartment building. A parking lot and two brick garages are included in the sale. Zoned R-3, which allows for low-density multi-family developments, the property occupies more than 120 feet of Trumbull Avenue frontage. With property values in Woodbridge continuing to steadily in- crease as new businesses open, this portfolio presents a great investment opportunity in a strong Detroit neighborhood.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Mixed Use,Multi-Family,Commercial,Residential
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional