Heidelberg Commercial Building
For Sale
$55,000
3045 Mount Elliott St, Detroit, MI 48207
Commercial building near Heidelberg Project with development potential.
Property SizeContact for details
Days on Market106
Property Features for 3045 Mount Elliott St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 6 at 7:21AM
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 Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This sale presents an investment opportunity to revitalize a former commercial building. The sale includes two additional lots, located at 3033 & 3039 Mt. Elliott. Situated near the Heidelberg Project, the location may suit various business opportunities. The sale is contingent on a development agreement executed by both the buyer and seller. Note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years following the property ownership transfer. This tax capture may not be compatible with tax abatements and lot combinations. The Detroit Land Bank Authority 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. The location has a bike score of 68, indicating it is bikeable. The walk score is 51, indicating it is somewhat walkable. The transit score is 54, indicating good transit.
Key Highlights
- Investment opportunity to redevelop a former commercial building.
- Includes two additional lots (3033 & 3039 Mt. Elliott).
- Located steps away from the Heidelberg Projects.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial building near Heidelberg Project with development potential.
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 redevelop a former commercial building.; Includes two additional lots (3033 & 3039 Mt. Elliott).; Located steps away from the Heidelberg Projects.
