For Sale
2489 Russell Street, Detroit, MI 48207
$3,000,000
MLS # 20261027339 (Realcomp)
Built 19810.17 acres
1 / 10
Listing Description
Fabulous Eastern Market location with both Russell Street and Winder frontage, plus alley access. Well known Eastern Market mainstay with 7,600 sf first floor retail space, office area, storage/warehouse room, employee break room, restrooms, employee locker room and small roasting room. Additional 5,200 sf in the lower level contains open storage space. Building was constructed in 1981 after fire damaged the original structure. 2 HVAC systems were replaced in 2021. Busy corner location with parking on both sides, plus alley access behind. Great visibility and one of the most sought after locations in the Eastern Market district. Two large walk-in coolers. Hydraulic elevator. Overhead door opens to alley for loading/unloading. Listing agent or their representative must accompany. Please allow time to coordinate schedules. Proof of funds/pre-approval will be required prior to showing. Call listing agent for more details.
Source: SparkMLS
About this home
Currently offered at $3,000,000.
Estimated annual property tax: $19,601, or about $1,633 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 Size0.17 acres
Year Built1981
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/27/2026
Original Price$3,500,000
Source: SparkMLS
Tax Information
Annual Tax$16,404
Tax Year2025
State Equalized Value$238,500
Assessed Value$238,500
Parcel #05003454-5
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 Joanna Darmanin
KW Metro
Frequently Asked Questions about 2489 Russell Street, Detroit, MI 48207
Which school district serves 2489 Russell Street, Detroit, MI 48207?
Per MLS# 20261027339, 2489 Russell Street, Detroit, MI 48207 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 2489 Russell Street, Detroit, MI 48207?
Per public tax records, annual property taxes for this property are $15,492. 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, 2489 Russell Street, Detroit, MI 48207 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 2489 Russell Street, Detroit, MI 48207 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 2489 Russell Street, Detroit, MI 48207?
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$19,601
Monthly$1,633
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$21,091
Principal & interest$19,458
Property taxes$1,633
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
2489 Russell Street, Detroit, MI 48207
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Neighborhood
Middle East Central
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Community
Detroit
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County
Wayne County
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