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    3045 Mount Elliott St Detroit, MI 48207

    For Sale
    $55,000

    Real Estate Only - Detroit, MI

    Property size:
    1,047 SF
    Lot size:
    0.09 Acres
    Days on Market:
    136
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 3045 Mount Elliott St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    13009905
    Size
    1,047 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1910
    Building materials
    Other
    Architectural style
    Other

    Bellabay Realty Tri-Counties (248) 274-6614 [email protected]

    Listing agent Natasha C Richards (248) 274-6614

    Listing date Jul 28, 2025

    MLS# 20251021260 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Commercial Land Investment Opportunity

    This commercial land, located in Detroit, MI, presents an investment opportunity. The sale includes two lots, located at 3033 & 3039 Mt. Elliott. The property is located steps away from the Heidelberg Project. Any business opportunity would be well worth it. The property encompasses 1,047 square feet on approximately 0.09 acres. Sale is contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0199252
    Latitude
    42.3582059

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    FAQs

    What type of property is this?
    Commercial land - Commercial land near Heidelberg Project, Detroit. Development opportunity.
    Where is this commercial land located?
    The property is located at 3045 Mount Elliott St Detroit, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Investment opportunity to revitalize a commercial building.; - Includes two additional lots (3033 & 3039 Mt. Elliott).; - Located steps away from the Heidelberg Project.
    (248) 274-6614
    Request Owner's contact information
    3045 Mount Elliott St Detroit, MI 48207
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    Detroit, MI 48207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3045 Mount Elliott St Detroit, MI 48207
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