5045 Trumbull StDetroit, MI 48208

Property Details for 5045 Trumbull St

Year built

1910

Lot size

0.37 AC

Property size (Sq ft)

8,894 SF

Zone code

SD2

Property type

Specialty properties

Property subtype

Other specialty properties

APN

08005840-2

APU

80058402

Description

This exceptional 8,894 square foot building, located at 5045 Trumbull in Detroit, Michigan, presents a unique investment opportunity. Previously operating as a funeral home, this well-maintained property offers significant potential for diverse uses. Its prime location in the heart of Detroit, within Wayne County and zip code 48208, provides easy access to major amenities, including professional sports venues, world-class casinos, and a rich entertainment scene. The building boasts a convenient private parking lot, ensuring ample space for clients and staff. The structure itself is in excellent condition, having been meticulously maintained throughout its operational history. The property's current zoning allows for continued use as a funeral home, but its size and location also make it highly suitable for conversion into professional office space. Alternatively, there's potential for rezoning to accommodate multi-family residential use, subject to city approvals. With its substantial square footage and desirable location, this property represents a compelling investment prospect for discerning buyers seeking a versatile and well-situated asset in a thriving urban environment. The asking price is $900,000. Don't miss this chance to acquire a property with significant upside in a dynamic and rapidly developing area of Detroit.

• Alternative Use

  Use

  Valuation

  Residential

  $2,117,335

  Hospitality

  $1,939,467

  Educational

  $1,613,614

  Medical

  $1,669,109

  Retail

  $2,510,066

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3527

Longitude

-83.0795

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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