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Mixed-Use Building Near Wayne State

5101 Trumbull Street, Detroit, MI 48208

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For Sale

$995,000

Real Estate Only - Detroit, MI

Property size:

5,886 SF

Lot size:

0.12 Acres

Price / SF:

$169/SF

HighLights

Prime location directly across from Wayne State University, offering high traffic.
Two retail spaces on the first floor with a second‑floor mezzanine.
Three apartments on the third floor (1‑bedroom, 2‑bedroom, and 3‑bedroom units) offering rental income.
Opportunity for owner‑occupancy: live in one unit and rent out the others.
All‑brick building with character and beautiful wooden interior built‑ins.
Mostly new mechanicals, indicating good building condition.

We can help!

Listing Contact

Daniel P Mullan

For Sale

$995,000

Real Estate Only - Detroit, MI

Property size:

5,886 SF

Lot size:

0.12 Acres

Price / SF:

$169/SF

Added:: Jun 18, 2025
Days on Market:: 363
Last Refresh:: Jun 15 at 10:06 am

Property Features for 5101 Trumbull Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Multiple
Standard status: Active
APN: 08005838001
Size: 5,886 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Annual Amount: 5367

Building Details

Year built: 1912
Floors in Building: 3
Building materials: Brick
Architectural style: Other

We can help!

Listing Contact

Daniel P Mullan

Listing agent Daniel P Mullan

Listing office RE/MAX Classic 26870 Beck Rd, Farmington Hills, MI

Listing date Jun 18, 2025

MLS# 20251009667 Listing URL

HighLights

Prime location directly across from Wayne State University, offering high traffic.
Two retail spaces on the first floor with a second‑floor mezzanine.
Three apartments on the third floor (1‑bedroom, 2‑bedroom, and 3‑bedroom units) offering rental income.
Opportunity for owner‑occupancy: live in one unit and rent out the others.
All‑brick building with character and beautiful wooden interior built‑ins.
Mostly new mechanicals, indicating good building condition.

Overview

This mixed-use property features two retail spaces on the first floor, each with a mezzanine level. The all-brick building is characterized by its wooden interior built-ins. One of the retail units is slightly larger and includes a kitchen and dining room. The property is located directly across from Wayne State University, benefiting from high traffic. The third floor houses three apartments: a one-bedroom, a two-bedroom, and a three-bedroom unit. The building is in very good condition with mostly new mechanical systems. The property includes an additional adjacent lot on Putnam. The building contains addresses 5101, 5105 and 5109 Trumbull. The property offers the option to rent out all units or occupy one side for personal business while renting out the remaining retail space and apartments. The property size is 5886 square feet and the lot size is 0.12 acres.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$109.5k	$18.60
− Vacancy	−$5.9k	−$1.00
EGI	$103.6k	$17.60
− OpEx	−$31.1k	−$5.28
NOI	$72.5k	$12.32

5,886 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.04M

$906.2K – $1.21M (±1% cap)

NOI $72,497 @ 7.0% cap · market cap 7.29%

Second Best

Mixed Use

$998.9K

$874.1K – $1.17M (±1% cap)

NOI $69,926 @ 7.0% cap · market cap 7.03%

Theoretical Best

Office A

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,893 @ 7.0% cap · market cap 9.13%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.0797622
Latitude: 42.3532017

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For sale
Mixed-use properties
MI
Detroit
48208
5101 Trumbull Street

What type of property is this?

Mixed-use property - Mixed-use property with retail and apartments near Wayne State University.

Where is this mixed-use property located?

The property is located at 5101 Trumbull Street Detroit, MI.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Prime location directly across from Wayne State University, offering high traffic.; Two retail spaces on the first floor with a second‑floor mezzanine.; Three apartments on the third floor (1‑bedroom, 2‑bedroom, and 3‑bedroom units) offering rental income.

5101 Trumbull Street, Detroit, MI 48208

Real Estate Only - Detroit, MI

Property Features for 5101 Trumbull Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Auto Repair Facility

Detroit Industrial Opportunity For Sale

Detroit Retail Center on Joy

E Warren Retail Opportunity

Rail-Served Heavy Industrial Yard

Turnkey Dry Cleaning Facility

Profitable Auto Business with Real Estate

Detroit Industrial Property with Renovated Office

Detroit Commercial/Industrial Multi-Use Property

Detroit Mixed-Use Property For Sale

Detroit Office Building on Grand River

Turnkey Automotive Facility in Detroit

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