Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24101 Jefferson Ave St Clair Shores, MI 48080

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.53 AC vacant land on Jefferson Avenue for lease.

    Property Features for 24101 Jefferson Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Brad Rosenberg
    Source: Crexi

    Listing Agency: Mid-America Real Estate - Michigan, Inc. Listing Agent: Brad Rosenberg

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

    Learn more

    Overview

    Jefferson Avenue Vacant Land Parcel

    This 1.53 AC vacant land parcel is available for sale or ground lease. Situated directly on Jefferson Avenue, just north of 9 Mile Road in St. Clair Shores, Michigan, the location benefits from high visibility along the Nautical Mile, with over 17,000 vehicles passing daily. The property features over 325 feet of frontage on Jefferson Avenue and multiple points of ingress/egress, enhancing accessibility and street presence. Zoned CLD - Central Lakefront District, the parcel accommodates a wide variety of uses, including restaurants, child care centers, medical offices, and financial institutions. The property is also shovel ready for a 40 unit condominium development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    St Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.888006
    Latitude
    42.469032

    Nearby Similar for Lease

    • $3,500 /Mo
      3,000 SF

      St. Clair Shores Commercial Building

      Commercial office/retail building in high-traffic, high-density area.
      31201 Jefferson Ave, St Clair Shores, MI 48082
      View Details
    • $3,500 /Mo

      Commercial Office/Retail Building For Rent

      Single-story commercial building with onsite parking and high visibility.
      31201 Jefferson Ave, St Clair Shores, MI 48082
      View Details
    • $1,100 /Mo

      Commercial Space on Little Mack

      800 sq ft office/commercial space for rent.
      25326 Little Mack Ave Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Freestanding Restaurant Opportunity

      Well-maintained former restaurant with infrastructure in place.
      23700 Harper Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing

      Freestanding Retail Building with Drive-Through

      Freestanding retail building with drive-through infrastructure on a corner lot.
      25501 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Standalone Commercial Building For Lease

      Well-positioned commercial building with strong visibility and easy access.
      22313 Greater Mack Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent at 29820 Harper Avenue.
      29820 Harper Ave, St Clair Shores, MI 48082
      View Details
    • $15 SF/Yr

      Office Suite For Lease

      Office suite with private offices, ideal for counseling-therapy use.
      25490 Little Mack Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing

      Medical Space in St. Clair

      Medical office space available for lease in St. Clair.
      25515 Harper Ave, St Clair Shores, MI 48081
      View Details
    • $16 SF/Yr

      Medical Suite on Greater Mack

      2,333 SF medical suite with exam rooms and lab.
      23995 Greater Mack Ave, St Clair Shores, MI 48080
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,620 to 3,240 SqFt.
      22601 E 9 Mile Rd, St Clair Shores, MI 48080
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 3,200 square feet.
      23515 Nine Mack Dr, St Clair Shores, MI 48080
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.53 AC vacant land on Jefferson Avenue for lease.
    Where is this commercial land located?
    The property is located at 24101 Jefferson Ave St Clair Shores, MI.
    What are key features of this property?
    This property features: - Shovel-ready for a **40-unit condominium development**.; - Located on Jefferson Avenue (Nautical Mile) with high traffic volume (17,000+ vehicles per day).; - Zoned CLD - Central Lakefront District, allowing for diverse uses (restaurants, child care, medical, financial, etc.).
    Request Owner's contact information
    24101 Jefferson Ave St Clair Shores, MI 48080
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24101 Jefferson Ave
    St Clair Shores, MI 48080
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    24101 Jefferson Ave St Clair Shores, MI 48080
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brad Rosenberg
    Real Estate License ID: 6501204147
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!