Mixed-Use Retail and
14318 E Jefferson Avenue Detroit, MI 48215
For Sale
$749,900
COMMERCIAL - Detroit, MI
Property Size5,874 SF
Lot Size0.16 Acres
Price / SF$127.66
Days on Market49
Property Features for 14318 E Jefferson Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 4
Interior features
Broadband
Standard status
Active
APN
21000350.
Size
5,874 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S--E JEFFERSON W 8 FT 55 54 MARSHLAND BLVD SUB L26 P92 PLATS, W C R 21/293 48 X 140
Tax Annual Amount
5042
Utilities
Utilities
Phone Available
Heating system
Forced Air
Building Details
Year built
1924
Number of units
5
Listing Agency:
Michigan Dream Homes, LLC
(313) 399-5398
Listed By:
John Wallen · License #6501288962
(248) 755-1124
Added: Jun 11
Changed: Jul 25
Last Checked: Jul 29 at 9:06AM
MLS# 26028797
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes three commercial storefronts and two upper residential apartments within a single building totaling 5,874 square feet. Each storefront is approximately 980 square feet and has its own dedicated private basement for inventory or storage. The left storefront is an active men’s barber shop, and the right storefront is an operating women’s beauty salon. The center storefront is a vacant restaurant space that includes existing commercial kitchen equipment and table space.
The upper level provides two 2-bedroom, 1-bath apartments, with one currently occupied and one vacant. The occupied apartment is noted at $1,300 per month, and the listing indicates land contract availability with terms of 50% down and “make offer.”
The property is situated at 14318 E Jefferson Avenue in Detroit, Michigan (Wayne County), on a 0.16-acre lot.
The upper level provides two 2-bedroom, 1-bath apartments, with one currently occupied and one vacant. The occupied apartment is noted at $1,300 per month, and the listing indicates land contract availability with terms of 50% down and “make offer.”
The property is situated at 14318 E Jefferson Avenue in Detroit, Michigan (Wayne County), on a 0.16-acre lot.
Key Highlights
- 5,874 SF mixed‑use building with 3 commercial storefronts and 2 upper apartments
- 3 storefronts totaling ~2,940 SF: each retail space is approx. 980 SF with a dedicated private basement
- Upper residential units: two 2‑bedroom, 1‑bath apartments, each approx. 1,425 SF (1 occupied at $1,300/mo)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.2k | $17.40 |
| − Vacancy | −$6.3k | −$1.07 |
| EGI | $95.9k | $16.33 |
| − OpEx | −$28.8k | −$4.90 |
| NOI | $67.1k | $11.43 |
5,874 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$969.0K – $1.29M
NOI $77,517 @ 7.0% cap · market cap 10.34%
Second Best
Retail
$1.03M
$904.4K – $1.21M
NOI $72,350 @ 7.0% cap · market cap 9.65%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,708 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant building with three commercial storefronts and two upper apartments, including a vacant restaurant unit with kitchen equipment.
Where is this mixed-use property located?
The property is located at 14318 E Jefferson Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 5,874 SF mixed‑use building with 3 commercial storefronts and 2 upper apartments; 3 storefronts totaling ~2,940 SF: each retail space is approx. 980 SF with a dedicated private basement; Upper residential units: two 2‑bedroom, 1‑bath apartments, each approx. 1,425 SF (1 occupied at $1,300/mo)
