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    582 Jefferson Ct Detroit, MI 48207

    For Lease
    Contact for pricing

    Prime retail, restaurant, or medical space in iconic Detroit building.

    Property size:
    3,358 SF
    Lot size:
    1.12 Acres

    Property Features for 582 Jefferson Ct

    General Information

    Size
    3,358 SF
    Lot size
    1.12 Acres

    Source: Stokas Bieri Real Estate Agent Alex Bieri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Riverfront Retail/Office Opportunity

    Located on the Detroit Riverwalk in the heart of Detroit CBD, this property is part of the premier Renaissance Center development, a complex of seven connected skyscrapers owned by General Motors. The property is connected via skywalk to the Renaissance Center. General Motors has partnered with Dan Gilbert, Rocket Companies founder, to redevelop the five primary Renaissance Center towers, and announced in 2024 they’re relocating their global headquarters to Gilbert’s $1.4 billion Hudson’s Detroit development. Blue Cross Blue Shield occupies the entirety of the 500 Renaissance Tower and recently signed a 15-year extension through 2038. The Canadian Consulate, Detroit Riverfront Conservancy, Invest Detroit, and Great Expressions occupy the 600 Tower, which can access the 500 Tower retail via the shared lobby and common areas. The property offers dedicated on-site garage and surface parking with the ability for public parking and drop-off. Tremendous opportunities exist for service-oriented retail, restaurant, or medical uses, as additions to the operating Child Time Day Care and Great Expressions. The available space is 3,358 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0096827
    Latitude
    42.3466663

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    FAQs

    What type of property is this?
    Office space - Prime retail, restaurant, or medical space in iconic Detroit building.
    Where is this office space located?
    The property is located at 582 Jefferson Ct Detroit, MI.
    What are key features of this property?
    This property features: - Located in the heart of Detroit's CBD on the Detroit Riverwalk, within the iconic Renaissance Center development.; - **Long-term (15-year) lease extension with Blue Cross Blue Shield (BCBS) occupying 100% of the 500 Renaissance Tower.**; - Part of the premier Renaissance Center (RenCen) development, connected to General Motors (GM) headquarters and the Hudson's Detroit development via skywalk.
    (248) 351-6280
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    Detroit, MI 48207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    582 Jefferson Ct Detroit, MI 48207
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