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Woodbridge Turnkey Development Opportunity
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4515 Trumbull, Detroit, MI 48208

10-townhome development project in Woodbridge, ready to go!

Property SizeContact for details
Days on Market869

Property Features for 4515 Trumbull

General Information

Standard status Active
Class A
Property subtype Land, Multifamily

Building Details

Units 10
Listing Agency: Berkshire Hathaway HomeServices The Loft Warehouse
Listed By: Jerome Huez · License #MI 6501368881
Source: Crexi
Added: Apr 5, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:02AM

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 Berkshire Hathaway HomeServices The Loft Warehouse

Investment Insights

Based on property information with market context.

This is a 10-townhome development project known as Arise Woodbridge, situated at the corner of Trumbull & Lysander. The location on Trumbull Avenue provides access to amenities, and its proximity to Midtown and Wayne State University is attractive to potential condo buyers. Located on a corner lot, the project site has high visibility from traffic on Trumbull Avenue. The project is suited for a new developer or a general contractor, and it comes with construction drawings, condo documents, and NEZ certificates. The townhome concept, designed by CH Architects, blends with the historic Woodbridge neighborhood while offering a modern design appealing to condo buyers. The project has been engineered with the help of Berkshire Hathaway The Loft Warehouse development team and includes a complete marketing package, featuring branding, logo, visual identity, website, and marketing assets. The land includes three parcels: 4515 Trumbull (08005871), 4503 Trumbull (08005872), and 1520 Lysander (08001275). The seller is motivated and willing to finance.

Key Highlights

  • Turnkey 10‑townhome development opportunity in Woodbridge.
  • Ready to go with construction drawings, condo docs, and NEZ certificates.
  • Prime location near Midtown and Wayne State University.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Spa & Massage Center Electrical Service (Bike/Boat/Book/etc) Store Accounting Firm Skin Care Clinic

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

808
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 10-townhome development project in Woodbridge, ready to go!
Where is this residential land & home lot located?
The property is located at 4515 Trumbull Detroit, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey 10‑townhome development opportunity in Woodbridge.; Ready to go with construction drawings, condo docs, and NEZ certificates.; Prime location near Midtown and Wayne State University.
(313) 658-6400 Call to check price and availability
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