260 Mount Elliott Street Detroit, MI ^$ 500,000

260 Mount Elliott Street

^$ 500,000

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260 Mount Elliott Street

Detroit, MI, 48207

^$ 500,000

Studio Baths0.0 Sq 5,000

Monthly Estimate*

^$ 3,493

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Studio

Commercial Property for sale in Detroit, MI

for $500,000. This 5,000 square foot building was built on a lot size of 0.26.

Currently tenant occupied and situated on the revitalized river front district. New parks and boardwalk on the riverfront are assisting the increase of future development and values in the area. If you want to catch the revitalization in this up-and-coming area you need to move quick. This unique property has been used for creative space, architectural design and more. The riverfront and boardwalk are one block walking distance, downtown just 2 minutes and all freeways just a minute drive. There is also a huge redevelopment opportunity in this district for this location with mixed use development, residential and more. This building is one of 3 connected with a block through opportunity.

Commercial Active

Price

^$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,135

Style

Commercial/Industrial

Lot Size

0.26

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50130994

Features

General

Heating Forced Air

Water Public Water at Street

Status Active Active

Year Built 0

Subdivision MELDRUM FARM PART OF LOTS 1 2 3 11 & 12 MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Commercial Features 220 Volt Power 3 Phase Power

Area Detroit (82001)

Primary City Detroit

City Detroit

Street Name Mount Elliott

Financial Terms Cash Conventional

Legal Description E MT ELLIOTT N 10 FT 10 11 THRU 13 S 9.50 FT ON W LINE BG S 13.71 FT ON E LINE 14 AND S 13.50 FT OF W 1/2 OF VAC ALLEY LYG E OF & ADJ SD LOTS BLK 1 SUB OF PT OF MELDRUM FARM L1 P109 PLATS

DOM 110

Postal Code 48207

Price Per Sq Ft 100

Coming Soon

Exterior

Exterior Brick

Frontage 110

Lot Size Area 0.26

Lot Dimensions irregular

Roads Private Road

Waterfront Y/N No

* Excluded Features

List By

Joe Militello

Listing Agent

Exp Realty Llc

Broker

Soldbyjoe@live.com

Affordability Calculator

$3,837

Per Month

Monthly Principal & Interest: $3,493
Monthly Property Taxes: $345
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$473,955

Percent of Sale Price 5%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/7/2024	$500,000		Listed Price

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260 Mount Elliott Street, Detroit, MI, 48207 is a Commercial Property for sale at $500,000 with 5,000 sqft and a lot size of 0.26. 260 Mount Elliott Street is a studio with 0.0 baths. The property's zip code is 48207 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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260 Mount Elliott Street

Commercial Property for sale in Detroit, MI

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