5045 Trumbull St, Detroit, MI 48208-2041
This exceptional 8,894 square foot building, located at 5045 Trumbull in Detroit, Michigan, presents a unique investment opportunity. Previously operating as a funeral home, this well-maintained property offers significant potential for diverse uses. Its prime location in the heart of Detroit, within Wayne County and zip code 48208, provides easy access to major amenities, including professional sports venues, world-class casinos, and a rich entertainment scene. The building boasts a convenient private parking lot, ensuring ample space for clients and staff. The structure itself is in excellent condition, having been meticulously maintained throughout its operational history. The property's current zoning allows for continued use as a funeral home, but its size and location also make it highly suitable for conversion into professional office space. Alternatively, there's potential for rezoning to accommodate multi-family residential use, subject to city approvals. With its substantial square footage and desirable location, this property represents a compelling investment prospect for discerning buyers seeking a versatile and well-situated asset in a thriving urban environment. The asking price is $900,000. Don't miss this chance to acquire a property with significant upside in a dynamic and rapidly developing area of Detroit.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
SD2 · Detroit, MIDetroit. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.