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    14241 E Jefferson Ave Detroit, MI 48215

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    For Sale
    $450,000

    Former gas station and auto shop in Jefferson Chalmers neighborhood.

    Lot size:
    0.35 Acres

    Property Features for 14241 E Jefferson Ave

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1959

    Source: TAP CRE Agent Patrick Linsdau

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

    Overview

    Detroit Commercial Property For Sale

    Located at 14241 E Jefferson Avenue in Detroit's Jefferson Chalmers neighborhood, this property presents a commercial real estate opportunity. The site, formerly a gas station and auto shop, features a lot with space for parking or expansion. The property is positioned to benefit from the area's revitalization efforts and the support of the Jefferson Chalmers Business Association, which fosters a welcoming environment for new businesses. The location provides access to major thoroughfares and a growing local economy. Land contract terms may be considered.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.945875
    Latitude
    42.372632

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    FAQs

    What type of property is this?
    Gas station - Former gas station and auto shop in Jefferson Chalmers neighborhood.
    Where is this gas station located?
    The property is located at 14241 E Jefferson Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in Detroits thriving Jefferson Chalmers neighborhood.; - Spacious lot with ample room for parking or future expansion.; - Exceptional potential for redevelopment or continued use.
    (313) 306-7653
    Request Owner's contact information
    14241 E Jefferson Ave Detroit, MI 48215
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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
    14241 E Jefferson Ave Detroit, MI 48215
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