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    OFF-MARKET
    Specialty properties

    5045 Trumbull St, Detroit, MI 48208-2041

    8,894 SF 0.37 ac lot Built 1910
    Individually Owned 16-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0033812
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1910
    Total area 8,894 SF
    Lot 0.37 ac (16,117 SF)
    Zoning code SD2
    APN 08005840-2
    UPID US43-0033812
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    JAMES VERMEULEN
    JAMES VERMEULEN
    Zoning & alternative use
    SD2 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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