14
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$750,000
Est. payment /mo
8,894 SqFt
Active
5045 Trumbull Street Detroit, MI 48208 2041
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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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Connor Realty Detroit, LLC