For Sale
2740 Mount Elliott Street, Detroit, MI 48207
$225,000
MLS # 20261045510 (Realcomp)
Built 19680.23 acres
1 / 6
Listing Description
Located at the corner of Mount Elliot and Charlevoix, 2740 Mount Elliott sits minutes from Downtown Detroit, Eastern Market, Belle Isle, and the Riverfront, in a neighborhood that continues to attract new investment, residents, and cultural activity. This 4,977 SF former liquor store sits on a 0.234-acre (10,193 SF) site and offers an excellent redevelopment or owner-user opportunity. The property provides a flexible building footprint with strong potential for retail, service, or commercial reuse. Neighbors: East Village, West Village, Indian Village, Belle Isle, The Shepherd, Lantern, Little Village. Located in the heart of Detroit's Lower East Side, 2905 Beaufait sits among some of the city's most active creative and residential neighborhoods. The property is surrounded by a growing mix of cultural destinations, independent businesses, new housing developments, and long-established communities that continue to drive investment and activity throughout the area.
Source: SparkMLS
About this home
Asking $225,000.
Estimated annual property tax: $255, or about $21 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 Size0.23 acres
Year Built1968
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
WaterPublic
Sale & Financing
Listed6/15/2026
Source: SparkMLS
Tax Information
Annual Tax$243
Tax Year2025
State Equalized Value$3,100
Assessed Value$3,100
Parcel #15013964.
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 Vincent Mazzola
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 2740 Mount Elliott Street, Detroit, MI 48207
What school district is 2740 Mount Elliott Street, Detroit, MI 48207 in?
Per MLS# 20261045510, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261045510, the most recent reported annual property tax for 2740 Mount Elliott Street, Detroit, MI 48207 is $521. 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.
Is 2740 Mount Elliott Street, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 2740 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 2740 Mount Elliott Street, Detroit, MI 48207 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$255
Monthly$21
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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Monthly payment$1,481
Principal & interest$1,459
Property taxes$21
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
2740 Mount Elliott Street, Detroit, MI 48207
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Neighborhood
Butzel
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Community
Detroit
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County
Wayne County
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