5341 E Nevada Street, Detroit City, MI 48234
HARRAHS NORWOOD SUB · Wayne County
Key Facts
Description
Prime investment opportunity in Detroit featuring a commercial warehouse paired with adjacent industrial land, offering flexibility for a variety of business uses and future expansion. The property at 5341 E Nevada Ave consists of a warehouse building zoned commercial, ideal for storage, distribution, light manufacturing, or owner-occupant use. Positioned for functionality and accessibility, this structure provides a strong foundation for business operations or value-add improvements. Included in the sale is the neighboring vacant parcel at 5313 E Nevada Ave, totaling approximately 0.5 acres, zoned industrial—perfect for expansion, outdoor storage, equipment parking, or redevelopment. Parcel ID: W13I007967C76. This dual-parcel offering creates a unique opportunity for investors or business owners seeking a strategic footprint with both operational space and land for growth. Key Highlights: -Commercial warehouse building -Industrial-zoned vacant land included -Approx. 0.5-acre total land opportunity -Ideal for owner-users, contractors, or investors -Versatile zoning supports multiple use cases -Strong potential for expansion or redevelopment Rare chance to secure both improved property and industrial land in one package—position your business or portfolio for long-term upside.
Property Information
Property Type
Commercial Sale
Year Built
1958
Living Area
2,246 sq ft
Lot Size
0.05 acres
Lot Dimensions
23X100
Days on Market
89
MLS® Listing#
20261023264
Property Features
Cooling
Heating
Construction
Foundation
Sewer
Water Source
Financial Details
Annual Taxes
$6,969
Assessed Value
$11,794
Parcel Number
W13I007977S
Directions
i96 to exit 186B , Joseph Campau to East Nevada
Affordability Calculator
$26,980
Estimated monthly payment
$718/mo
Principal $107,920 · Est. interest $150,558 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $231,618
- Median Listing Price
- 59
- Median Days on Market
- 1,493
- Median Sq Ft
- $133
- Median Price / Sq Ft
- 13,581
- Active Listings
- This home’s price is 42% below the area median.
- Its price per sq ft is 55% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
Points of Interest in Detroit City, MI
Showing the Detroit City area map.
Nearby Schools
Edmund Atkinson Elementary School
Elementary · 0.3 mi away
Legacy Charter Academy
School · 0.3 mi away
Commonwealth Community DVLPT Acadmy
School · 0.8 mi away
Pershing High School
Secondary · 0.9 mi away
Jefferson-Douglass Academy
Elementary · 1.0 mi away
Detroit International Academy for Young Women
School · 1.0 mi away
East Bethlehem Lutheran Church
School · 1.0 mi away
Small World Development Center
School · 1.0 mi away
Cleveland Middle School
School · 1.0 mi away
Van Zile Elementary School
Elementary · 1.0 mi away
Mason Elementary School
Elementary · 1.1 mi away
Marion Law Academy
School · 1.3 mi away
Law Elementary School
Elementary · 1.3 mi away
Dove Academy of Detroit
School · 1.4 mi away
Al Ikhlas Training Academy
School · 1.4 mi away
St Bartholomew School
School · 1.4 mi away
Davison Elementary School
Elementary · 1.4 mi away
Bridge Academy West
School · 1.5 mi away
Full Circle Learning
School · 1.5 mi away
Hamtramck Academy
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 20553 Pelkey Street, Detroit City, MI | $94,500 | 4 | 1 | 1,200 |
| 7067 Studebaker Avenue, Warren City, MI | $94,500 | 2 | 1 | 561 |
| 2005 S Saginaw Road, Midland City, MI | $94,500 | — | — | — |
| 1210 S Monroe Street, Bay City City, MI | $94,500 | 2 | 1 | 1,056 |
| 1133 Northwood Drive, Inkster City, MI | $94,500 | 2 | 1 | 714 |
| 00 Barlow Street, Traverse City City, MI | $94,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: Sonic Realty LLC - 3134844696
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.