Mixed-Use Building Near Wayne
For Sale
$800,000
5101 Trumbull St, Detroit, MI 48208
Mixed-use building with retail and apartments near Wayne State.
Property Size8,300 SF
Lot Size0.12 Acres
Days on Market155
Property Features for 5101 Trumbull St
General Information
Standard status
Active
Size
8,300 SF
Lot size
0.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,367
Building Details
Building Size
8,300 SF
Year Built
1912
Listing Agency:
RE/MAX Classic
(248) 348-3000
Listed By:
Daniel P Mullan
(248) 348-3000
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 RE/MAX Classic
Investment Insights
Based on property information with market context.
This mixed-use building features two retail spaces on the first floor, each with a second-floor open mezzanine. The all-brick building is characterized by its wooden interior built-ins. One unit 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 contains three apartments: a one-bedroom unit, a two-bedroom unit, and a three-bedroom unit. The building is in very good condition with mostly new mechanicals. The purchaser could rent out all units or keep one side of the building for their own business and rent out the other side plus the three apartments. The property includes an additional lot adjacent to the existing lot. Addresses are 5101, 5105 and 5109 Trumbull.
Key Highlights
- Prime location directly across from Wayne State University, ensuring high visibility and traffic
- Two retail spaces on the first floor with mezzanine, offering flexible business opportunities
- Three apartments on the third floor (1BR, 2BR, 3BR) providing rental income potential
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and apartments near Wayne State.
Where is this mixed-use property located?
The property is located at 5101 Trumbull St Detroit, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location directly across from Wayne State University, ensuring high visibility and traffic; Two retail spaces on the first floor with mezzanine, offering flexible business opportunities; Three apartments on the third floor (1BR, 2BR, 3BR) providing rental income potential
