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
Be part of the largest Urban hospital neighborhood development in the USA. Henry Ford Hospital, Wayne State University bookend and surround this 2.74 Acre parcel. Henry Ford Hospital, the Detroit Pistons, Dan Gilbert Foundation, Michigan State University, the famed Motown Museum and Cardinal health are neighboring properties. Don't miss this one opportunity.
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.
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
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $4,790,000 |
| Price Per AC | $1,748,175.18 |
| 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
1 of 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (74)
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 |
