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    3950 Mount Elliott St Detroit, MI 48207

    For Sale
    $1,500,000

    Accessible Detroit office complex suitable for diverse uses.

    Property size:
    15,608 SF
    Lot size:
    0.95 Acres

    Property Features for 3950 Mount Elliott St

    General Information

    Size
    15,608 SF
    Lot size
    0.95 Acres

    Source: NAI Farbman - Corporate Agent Harrison Yaldoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Building Office Complex in Detroit

    This Detroit office complex features three buildings with flexible layouts suitable for multi-tenant office, nonprofit, healthcare, or educational uses. The property is situated in a mixed-use corridor surrounded by community organizations, industrial businesses, and redevelopment zones. The exterior is well-maintained with an updated façade and window lines that allow for natural light. The property is easily accessible from major highways including I-94, I-75, and Gratiot Avenue. It is located just 4 minutes from Eastern Market and under 10 minutes from Downtown Detroit. A private lot offers 37 paved on-site parking spaces. The property has a total size of 15608 square feet.
    Location Intelligence

    Current Use by Public Records

    Barton Pharmacy Pharmacy Bashiru T. Adams, ... Pharmacy

    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
    -83.023208
    Latitude
    42.364471

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    FAQs

    What type of property is this?
    Office building - Accessible Detroit office complex suitable for diverse uses.
    Where is this office building located?
    The property is located at 3950 Mount Elliott St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Easily Accessible Location: Proximity to I-94, I-75, and Gratiot Avenue.; - Convenient Access to Detroit: Just 4 minutes to Eastern Market and under 10 minutes to Downtown Detroit.; - Ample On-Site Parking: Private lot with 37 paved spaces.
    (248) 353-0500
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    3950 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
    3950 Mount Elliott St Detroit, MI 48207
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