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5842 Trumbull St - Henry Ford Hospital area- Trophy EDs and MEDs
2.74 Acres of Commercial Land Offered at $4,790,000 in Detroit, MI 48208
Investment Highlights
- Henry Ford Hospital and Wayne State University book end this full city block. Easy access from both I-94 and M-10 (The Lodge Freeway).
Executive Summary
Details: With the recently announced $2.35B Detroit Pistons and Michigan State University partnerships the immediate neighborhood to the East..
The Motown Museum expansion is an additional huge tourist attraction to the west.
This all adds up to the most attractive new growth neighborhood in all of Detroit, including Michigan and the Midwest.
Hotel, storage, medical office, medical treatment facility, outpatient, and many other uses can be imagined and built on this location. 8 story building was the last use. This is poised for the next legacy build in the most exciting and untapped part of Detroit. Detroit is not classified as "investment grade" by Moody's international.
Taxes & Operating Expenses (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$4,500
|
$1,642.34
|
| Operating Expenses |
$5,000
|
$1,824.82
|
| Total Expenses |
$9,500
|
$3,467.15
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $4,500 |
| Annual Per AC | $1,642.34 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per AC | $1,824.82 |
| Total Expenses | |
|---|---|
| Annual | $9,500 |
| Annual Per AC | $3,467.15 |
Property Facts
| Price | $4,790,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| Sale Conditions | Total Lot Size | 2.74 AC | |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $4,790,000 |
| Sale Type | Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.74 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 1
| Price | $4,790,000 | Lot Size | 2.74 AC |
| Price Per AC | $1,748,175 |
| Price | $4,790,000 |
| Price Per AC | $1,748,175 |
| Lot Size | 2.74 AC |
Midtown Detroit. 2.74 Acre "Superblock" Trophy Location - between Wayne State/Henry Ford Hospital. The largest parcel in all of Midtown or Downtown. Easy access to I-94 and M-10 (The Lodge) M-4 Zoning allows for any use! ($39/SF vacant land)
Description
This is largest parcel available in all of Midtown or downtown. Easy access to I-94 and(The Lodge) M-4 Zoning allows for any uses. Institutional Neighborhood. Henry Ford Hospital Henry Ford Health Systems Wayne state University Michigan State University Detroit Pistons - Training Facility Cardinal Health Motown Museum Industrial Hospital Laundry Dreamtroit Research Lofts Trumbull Crossing Other Loft Projects
PROPERTY TAXES
| Parcel Number | 06-006055-001 | Total Assessment | $147,200 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $4,500 |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | M-4 (M-4 - This is one of the most sought after types of Zoning. This allows for all potential uses.) |
| M-4 (M-4 - This is one of the most sought after types of Zoning. This allows for all potential uses.) |
-
Chadd Fox - Detroit Land Company, LLC
Presented by
Detroit Land Company, LLC
5842 Trumbull St - Henry Ford Hospital area- Trophy EDs and MEDs
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