5000 Mount Elliott St Detroit, MI 48211
- Auto shops
- 260 SF
- 0.11 lot acres
Current Use by Public Records
- Auto shops
Property Details for 5000 Mount Elliott St
- Year built
- 1931
- Lot size
- 0.11 lot acres
- Property size
- 260 SF
- Zone code
- M4
- Property type
- Auto shops
- APN
- 15014090.
- APU
- 15014090
Description
This exceptional commercial land offering presents a unique investment opportunity in Detroit, Michigan. Encompassing 0.56 acres, this property is ideally situated at 5000 Mt. Elliott St, within the desirable M-4 zoning district. The asking price is $68,000, translating to a land value of $2.79 per square foot. The acreage includes multiple addresses: 5000, 5024, 5030, and 5046 Mt. Elliott Street, as well as 6331 and 6337 West Warren Avenue, and 6312 Theodore Street. It's important to note that these parcels are not contiguous, and some lots on Mt. Elliott Street are currently owned by the Land Bank. This presents a compelling opportunity for developers or investors seeking to acquire a substantial land holding in a dynamic urban area. The M-4 zoning allows for a variety of commercial uses, providing flexibility for future development plans. Detailed zoning information and potential use restrictions should be independently verified. This property is located in Wayne County, Michigan, with a zip code of 48211. The precise geographic coordinates are latitude 42.3707813 and longitude -83.027378. Serious inquiries are encouraged to explore the potential of this significant land acquisition.
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
- -83.0274
- Latitude
- 42.3707
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
