3111 Elmwood St Detroit, MI 48207
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Detroit Collegiate High School / High School / Non-Profit Organization
- Ross-Hill Academy / Preschool
Property Details for 3111 Elmwood St
- Lot size
- 0.17 lot acres
- Zone code
- R2
- Property type
- Commercial real estate
- APN
- 13010581.
- APU
- 13010581
Description
This exceptional 13,300 square foot former elementary school presents a unique redevelopment opportunity in Wayne County. The single-tenant building, last occupied in the 2019-20 school year by a charter school, boasts eight classrooms, a two-story administrative area within the entryway, and a sizable multi-purpose room centrally located. The layout is well-suited for a variety of adaptive reuse projects, offering significant potential for conversion into various commercial or community spaces. The property also includes two outdoor playgrounds, providing ample space for recreational activities or expansion, and secure gated parking for enhanced safety and convenience. Situated conveniently near Gratiot Avenue, this property benefits from excellent visibility and accessibility. The building's substantial size and versatile floor plan offer a blank canvas for creative entrepreneurs and developers seeking a unique and impactful investment. Its previous use as a school suggests strong structural integrity and established infrastructure, minimizing potential renovation costs. This is a rare chance to acquire a substantial property with significant potential in a desirable location. The property is ready for its next chapter, offering a compelling opportunity for a discerning investor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0259
- Latitude
- 42.3565
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
