For Sale
565 E Larned Street, Detroit, MI 48226
$2,600,000
MLS # 20261013986 (Realcomp)
Built 19160.27 acres
1 / 9
Listing Description
This mixed-use building offers a highly adaptable layout suited for retail, office, restaurant, or redevelopment potential. The first floor formerly housed the renowned Opus One Restaurant, adding a layer of legacy and recognition to the property. A private on- site parking lot enhances accessibility with additional nearby parking supporting future users or tenants. Sale includes 0.276 acre (12,027 SF) parking lot located at 550 E Larned.
Source: SparkMLS
About this home
Listed at $2,600,000.
Estimated annual property tax: $111,656, or about $9,305 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 Size0.27 acres
Year Built1916
Location
CityDetroit
Zip Code48226
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
WaterPublic
Sale & Financing
Listed3/3/2026
Original Price$3,950,000
Source: SparkMLS
Tax Information
Annual Tax$104,233
Tax Year2025
State Equalized Value$1,358,600
Assessed Value$1,358,600
Parcel #03000063.
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 565 E Larned Street, Detroit, MI 48226
Which school district serves 565 E Larned Street, Detroit, MI 48226?
Per MLS# 20261013986, 565 E Larned Street, Detroit, MI 48226 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 565 E Larned Street, Detroit, MI 48226?
Per public tax records, annual property taxes for this property are $84,889. 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, 565 E Larned Street, Detroit, MI 48226 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 565 E Larned Street, Detroit, MI 48226 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 565 E Larned Street, Detroit, MI 48226?
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$111,656
Monthly$9,305
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$26,168
Principal & interest$16,864
Property taxes$9,305
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
565 E Larned Street, Detroit, MI 48226
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Neighborhood
Central Business District
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Community
Detroit
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County
Wayne County
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