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Property profile & analytics
OFF-MARKET
Individual retail properties

2903 Trumbull St Detroit, MI 48216-1272

1,950 SF 0.26 ac lot Built 1900
Individually Owned 22-yr Hold Free & Clear
Property ID
US43-0375670
Property summary
AI-generated overview

This exceptional 1,950 square foot retail property, located at 2903 Trumbull Street in Detroit, Michigan, presents a unique investment opportunity. Situated on a 0.4-acre lot, this single-story, 1999-built building boasts a prime North Corktown location, directly across from the Motor City Casino & Hotel. The property benefits from its hard corner location within the thriving Corktown Development Zone, offering excellent visibility and accessibility. Zoned R4, this space provides flexibility for a variety of retail uses. The asking price is $795,000, translating to $407.69 per square foot. Convenient access to major thoroughfares, including I-75 and the Lodge Freeway, ensures easy commutes for both employees and customers. This property represents a compelling investment in a rapidly developing area of Detroit, offering significant potential for growth and return. The building's size and location make it ideal for a variety of retail businesses seeking a high-traffic, high-visibility location in a revitalized neighborhood. This is a rare opportunity to acquire a well-situated retail space in one of Detroit's most dynamic and up-and-coming areas. The property's 1999 construction date suggests a relatively modern building, minimizing potential maintenance needs.

Property profile
Verified
Property type Individual retail properties
Use group DRY CLEANER
Year built 1900
Total area 1,950 SF
Lot 0.26 ac (11,326 SF)
Zoning code R4
APN 08005934-6
UPID US43-0375670
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
Current use
Occupant on record · Public records
  • Knox Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SUK DONG KIM
SUK DONG KIM
Zoning & alternative use
R4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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