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Property profile & analytics

5045 Trumbull St Detroit, MI 48208

  • Specialty properties
  • 8,894 SF
  • 0.37 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0033812
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Specialty properties

Property Details for 5045 Trumbull St

Year built
1910
Lot size
0.37 lot acres
Property size
8,894 SF
Zone code
SD2
Property type
Specialty properties
APN
08005840-2
APU
80058402

Description

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.


Value Estimations

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Location Insight

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  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0795
Latitude
42.3527
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$4,799
$0.00
$0.00
$223,200
-
$0.00
$0.00
$446,400
More about this property
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