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Former Liquor Store Corner Building
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2740 Mount Elliott Street, Detroit, MI 48207

Corner former liquor store offers a flexible footprint for retail, service, or commercial reuse in Detroit’s Lower East Side.

Property Size4,977 SF
Lot Size0.23 Acres
Price / SF$45.21
Days on Market56

Property Features for 2740 Mount Elliott Street

General Information

Standard status Active
Size 4,977 SF
Lot size 0.23 Acres
Property subtype Multifamily
Zoning R4

Building Details

Year Built 1968
Listing Agency: O'Connor Real Estate
Listed By: Sloane Walsh · License #6501404147
Source: Crexi
Added: Jun 17 Changed: Aug 10 Last Checked: Aug 11 at 1:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O'Connor Real Estate

Investment Insights

Based on property information with market context.

2740 Mount Elliott is a 4,977 SF former liquor store located on a 0.234-acre site at the corner of Mount Elliot and Charlevoix. The property’s layout provides a flexible building footprint suited to redevelopment or an owner-user conversion, with space that can support a range of retail and commercial uses.

The site is positioned in Detroit’s Lower East Side, with proximity to Downtown Detroit, Eastern Market, Belle Isle, and the Riverfront. The surrounding area reflects a mix of established communities and neighborhood activity, supported by nearby cultural and residential destinations and independent businesses.

For buyers or operators, the building’s former retail configuration and adaptable footprint make it practical for retail, service, or other commercial reuse where an owner-user or redevelopment approach is desired. This corner location can support storefront-oriented concepts, while the site size and redevelopment opportunity offer flexibility for tailoring the property to a new business plan.

Key Highlights

  • 4,977 SF former liquor store with a flexible building footprint for retail, service, or commercial reuse
  • Corner location on Mount Elliot and Charlevoix in Detroit’s Lower East Side
  • On a 0.234‑acre (10,193 SF) site

Property Analytics

Current Use

ATM Atm Mt. Elliot Market (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
9,142 visits/mo 0.2 miles
Citgo Shops & Services
278 visits/mo 0.3 miles

Demographics for 48207, MI

21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
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Similar Off Market Nearby

  • Goodness Gracious Inc. 2236 Helen St, Detroit, MI 48207

Frequently Asked Questions

What type of property is this?
Storefront property - Corner former liquor store offers a flexible footprint for retail, service, or commercial reuse in Detroit’s Lower East Side.
Where is this storefront property located?
The property is located at 2740 Mount Elliott Street Detroit, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 4,977 SF former liquor store with a flexible building footprint for retail, service, or commercial reuse; Corner location on Mount Elliot and Charlevoix in Detroit’s Lower East Side; On a 0.234‑acre (10,193 SF) site
(313) 704-2678 Call to check price and availability
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