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
Price / SF$96.39
Days on Market421
Property Features for 5101 Trumbull St
General Information
Standard status
Active
Size
8,300 SF
Taxes and HOA fees
Annual Taxes
$5,367
Listing Agency:
RE/MAX Classic
(248) 348-3000
Listed By:
Daniel P Mullan
(248) 348-3000
Source:
Exprealty
Added: Jun 18, 2025
Changed: Aug 8
Last Checked: Aug 8 at 7:10AM
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 has wooden interior built-ins. One unit is slightly larger and includes a kitchen and dining room. 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. It is located directly across from Wayne State University in an area with high traffic, suitable for retail businesses. The purchaser could rent out all units or use 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 on Putnam. The building encompasses 8,300 square feet.
Key Highlights
- Prime location directly across from Wayne State University, offering high visibility and traffic.
- Two retail spaces on the first floor with a second‑floor mezzanine, providing flexibility.
- Three apartments on the third floor (1‑bedroom, 2‑bedroom, and 3‑bedroom units) offering immediate rental income potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Mobil
Shops & Services
8,565 visits/mo
0.1 miles
SUBWAY
Dining
1,239 visits/mo
0.3 miles
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 Retail in Detroit, MI
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, offering high visibility and traffic.; Two retail spaces on the first floor **with a second‑floor mezzanine**, providing flexibility.; Three apartments on the third floor (1‑bedroom, 2‑bedroom, and 3‑bedroom units) offering immediate rental income potential.
