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    2846 Trumbull St Detroit, MI 48216

    Sponsored
    For Sale
    $399,000

    Prime Detroit location, vacant, high development potential.

    Property size:
    2,391 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 2846 Trumbull Avenue in Detroit, Michigan, presents a compelling investment opportunity. Located directly adjacent to the Motor City Casino, this 2,391 square foot building sits on a substantial 2,391-acre lot. Built in 1915, the property is currently vacant, offering a blank canvas for redevelopment. The asking price is $399,000, translating to $166.88 per square foot. The property's zoning, Special Development District-Mixed Use (SD2), allows for a wide range of uses. Potential projects could include a drive-through restaurant, liquor store, a multi-family building with ground-floor retail space, or a laundromat, among other possibilities. The building's history includes a long-standing operation as a liquor store for over 50 years, although the liquor license is no longer active. This prime location and flexible zoning make this a highly attractive proposition for developers seeking a high-impact project in a vibrant Detroit neighborhood. The property's size and proximity to the Motor City Casino offer significant advantages for attracting customers and maximizing return on investment. This is a rare chance to acquire a substantial property in a high-traffic area with immense potential for future growth. The property's address is 2846 Trumbull, Detroit, MI 48216.

    Property Features for 2846 Trumbull St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,391 SF
    Lot Size
    104,151,960 SF

    Building Details

    Year Built
    1915
    Buildings
    1

    HighLights

    • Exceptional mixed‑use investment opportunity in Detroit, MI.
    • 2,391 sq ft building on a 2,391 sq ft lot (Note: discrepancy in lot size likely a data entry error, verify with listing).
    • Vacant, 1915 construction, offering redevelopment potential.
    • Asking price: $399,000 ($166.88/sq ft).
    • SD2 zoning allows for various uses (e.g., drive‑through, multi‑family with retail).
    • Prime location adjacent to Motor City Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.07026
    Latitude
    42.3379024

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Detroit location, vacant, high development potential.
    Where is this mixed-use property located?
    The property is located at 2846 Trumbull St Detroit, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Detroit, MI.; 2,391 sq ft building on a 2,391 sq ft lot (Note: discrepancy in lot size likely a data entry error, verify with listing).; Vacant, 1915 construction, offering redevelopment potential.
    (586) 337-6800
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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
    2846 Trumbull St Detroit, MI 48216
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