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    4515 Trumbull St Detroit, MI 48208

    Sponsored
    For Sale
    $750,000

    10,019 SF Residential Land, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    Exceptional turnkey development opportunity in Detroit's Woodbridge neighborhood. This 10-townhome project boasts complete construction drawings, condo documents, and NEZ certificates, ready for immediate construction. The site, encompassing three parcels (4515 Trumbull, 4503 Trumbull, and 1520 Lysander), offers a prime corner location on Trumbull Avenue, providing high visibility and easy access. The modern townhome design, created by CH Architects, seamlessly blends with the historic neighborhood's charm, appealing to a wide range of buyers. The project benefits from a comprehensive marketing package, including branding, logo, website, and marketing assets, developed in collaboration with Berkshire Hathaway The Loft Warehouse. Its proximity to Midtown and Wayne State University further enhances its appeal to potential condo buyers. This is a rare opportunity for developers or general contractors seeking a fully prepared project with significant potential for return. The land totals 10,019 square feet and is offered at $750,000. The property is for sale by owner.

    Property Features for 4515 Trumbull St

    General Information

    Property type
    Land

    HighLights

    • $750,000 asking price.
    • 10,019 square foot residential land lot.
    • Located in Detroit, MI, Wayne County, zip code 48208.
    • For sale by owner.
    • Three parcels included: 4515 Trumbull, 4503 Trumbull, and 1520 Lysander.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.077359
    Latitude
    42.348968

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    FAQs

    What type of property is this?
    Land - 10,019 SF Residential Land, Ready to Build
    Where is this land located?
    The property is located at 4515 Trumbull St Detroit, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 10,019 square foot residential land lot.; Located in Detroit, MI, Wayne County, zip code 48208.
    (313) 658-6400
    Request Owner's contact information
    4515 Trumbull St Detroit, MI 48208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4515 Trumbull St Detroit, MI 48208
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