1500 Trumbull StDetroit, MI 48216

Property Details for 1500 Trumbull St

Year built

1936

Lot size

0.08 AC

Property size (Sq ft)

3,221 SF

Zone code

R3

Property type

Office properties

Property subtype

Office buildings

APN

06005846.

APU

6005846

Description

This exceptional 2,611-square-foot building, located at 1500 Trumbull Avenue in Detroit, Michigan's vibrant Corktown neighborhood, presents a unique opportunity for a single-tenant user. Situated on a 0.16-acre lot at the highly visible northeast corner of Trumbull and Labrosse, this Class A property offers unparalleled exposure within a bustling retail corridor. Originally constructed in 1900 and extensively renovated in 2020, the building boasts a charming historic brick façade while offering modern interior amenities. The two-story structure features a remarkable 24-foot ceiling height, creating an expansive and inspiring workspace. The property is zoned R3 and is ideal for creative office or retail use, catering to businesses seeking a unique and stylish location. While lacking elevators, the building's layout is well-suited for single-tenant occupancy. The Wayne County property (APN: 06005846) offers a blend of historical character and contemporary functionality, making it an attractive investment in a rapidly developing area of Detroit. The zip code is 48216. This is a single-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $579,458

  6.5%

  $534,884

  7%

  $496,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,292

  Geo Method

  $301,292

• Alternative Use

  Use

  Valuation

  Residential

  $663,256

  Hospitality

  $607,539

  Educational

  $505,465

  Medical

  $522,849

  Retail

  $786,279

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3289

Longitude

-83.0647

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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