5022 Elmhurst StDetroit, MI 48204

Property Details for 5022 Elmhurst St

Lot size

0.05 AC

Zone code

R3

Property type

Commercial land

APN

14004172.

APU

14004172

Description

This exceptional 0.102-acre commercial land parcel, located at 5022 & 5026 Elmhurst St, Detroit, MI 48204, presents a unique investment opportunity. Situated in Wayne County, this property boasts ample frontage and fantastic visibility, making it ideal for a variety of commercial ventures. The asking price is $19,800, offering significant potential for development or immediate use. A key advantage is the possibility of splitting the lot into two 0.051-acre parcels, each priced at $9,900. This flexibility caters to diverse investment strategies and development plans. The property's central location within Detroit provides easy access to key transportation routes and amenities. The seller is motivated, making this an attractive proposition for discerning buyers seeking a prime piece of Detroit real estate. The coordinates are 42.3768 latitude and -83.136425 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving urban area.

• Alternative Use

  Use

  Valuation

  Residential

  $518,502

  Hospitality

  $474,945

  Educational

  $395,149

  Medical

  $408,738

  Retail

  $614,676

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3768

Longitude

-83.1365

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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