For Sale
20500 Mound Road, Detroit, MI 48234
$2,499,900
MLS # 20261017585 (Realcomp)
Built 19481 acres
1 / 50
Listing Description
Prestige Auto Parts presents a rare opportunity to acquire a long-term, established automotive dismantling and parts business, including the real estate, business, and all inventory, which is valued at $950,000 and included in the sale. This turnkey operation offers everything needed for immediate continued success, making it ideal for an owner-operator or investor looking to step into a proven and profitable business with a strong operating history. Land contract terms may be available depending on origination and buyer qualifications, providing flexible acquisition options.
Source: SparkMLS
About this home
Listed at $2,499,900.
Estimated annual property tax: $21,697, or about $1,808 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size1 acres
Year Built1948
Location
CityDetroit
Zip Code48234
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed3/17/2026
Original Price$3,499,900
Source: SparkMLS
Tax Information
Annual Tax$12,451
Tax Year2025
State Equalized Value$264,000
Assessed Value$264,000
Parcel #13012924.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nathaniel Korkis
Summit Union Real Estate
Frequently Asked Questions about 20500 Mound Road, Detroit, MI 48234
Which school district serves 20500 Mound Road, Detroit, MI 48234?
Per MLS# 20261017585, 20500 Mound Road, Detroit, MI 48234 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What are the property taxes at 20500 Mound Road, Detroit, MI 48234?
Per public tax records, annual property taxes for this property are $9,557. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 20500 Mound Road, Detroit, MI 48234 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 20500 Mound Road, Detroit, MI 48234 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 20500 Mound Road, Detroit, MI 48234?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$21,697
Monthly$1,808
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$18,022
Principal & interest$16,214
Property taxes$1,808
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
20500 Mound Road, Detroit, MI 48234
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Neighborhood
Pershing
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Community
Detroit
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County
Wayne County
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