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    OFF-MARKET
    Retail space

    2846 Trumbull St, Detroit, MI 48216-1271

    2,391 SF 0.14 ac lot Built 1915
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US43-1143840
    Property summary
    AI-generated overview

    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history includes a long-standing operation as a liquor store for over 50 years, although the liquor license is no longer active.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 profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1915
    Total area 2,391 SF
    Lot 0.14 ac (6,098 SF)
    Zoning code PD
    APN 06005886.
    UPID US43-1143840
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    SHAWKAT ORAHA
    SHAWKAT ORAHA
    Zoning & alternative use
    PD · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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