For Sale
260 Mount Elliott Street, Detroit, MI 48207
$1,325,000
MLS # 20261022667 (Realcomp)
Built 20030.29 acres
1 / 98
Listing Description
Rare Riverfront/Warehouse District redevelopment opportunity including 260 Mt. Elliott,266 Mt. Elliott, and 275 Iron, all connected and under the same ownership. This unique commercial package offers multiple buildings, strong visibility, secured parking, and flexible-use space in a rapidly developing area near the Detroit Riverfront. Ideal for owner-users, investors, or redevelopment. Buyer to verify all measurements, zoning, and permitted uses. 3 commercial buildings totaling 18,805 square feet. Contact listing agent for additional information. Land contract available. All numbers are approxiamate
Source: SparkMLS
About this home
Listed at $1,325,000.
Property tax estimate: $18,228 per year ($1,519/month). 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 Size0.29 acres
Year Built2003
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
WaterPublic
Sale & Financing
Listed4/6/2026
Source: SparkMLS
Tax Information
Annual Tax$5,089
Tax Year2025
State Equalized Value$221,800
Assessed Value$221,800
Parcel #15013869.001
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 Fay Salmaci
ARG Realty
Frequently Asked Questions about 260 Mount Elliott Street, Detroit, MI 48207
Which school district serves 260 Mount Elliott Street, Detroit, MI 48207?
Per MLS# 20261022667, 260 Mount Elliott 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 260 Mount Elliott Street, Detroit, MI 48207?
Per public tax records, annual property taxes for this property are $4,515. 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, 260 Mount Elliott 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 260 Mount Elliott 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 260 Mount Elliott 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.
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Tax Estimate
$
Annual tax$18,228
Monthly$1,519
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$10,113
Principal & interest$8,594
Property taxes$1,519
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
260 Mount Elliott Street, Detroit, MI 48207
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Neighborhood
Near East Riverfront
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Community
Detroit
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County
Wayne County
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