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    14536 Jefferson Ave Detroit, MI 48215

    Sponsored
    For Sale
    $625,000

    Prime Detroit location, 4 units, 8% cap rate.

    Property size:
    5,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional multifamily and office property, located at 14536 E Jefferson Ave in Detroit, Michigan, presents a unique investment opportunity. The 5,582 square foot building, constructed in 1913 and renovated the same year, is a well-maintained brick structure situated near the Detroit/Grosse Pointe border. The property features four units, offering a blend of commercial and residential potential. The ground floor boasts two large, side-by-side commercial spaces, ideal for various businesses. Upstairs, charming units are adaptable for use as either office space or residential apartments. A significant attached garage offers potential for additional rental income. Each side of the building includes a full basement. The asking price is $625,000, representing a compelling $118 per square foot and an attractive 8.00% capitalization rate. The property sits on a 0.13-acre lot and is zoned for commercial use. The sale includes the adjacent lot at 14526 Jefferson Avenue. The property is a Class B building with two stories and features the APN 21000336. Land contract terms are negotiable. This property is located in an Opportunity Zone.

    Property Features for 14536 Jefferson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,582 SF
    Class
    B
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1913/1913
    Stories
    2
    Units
    4

    HighLights

    • $625,000 asking price for a multifamily/office property.
    • 5,582 square feet, priced at $118 per square foot.
    • 8.00% cap rate.
    • Four units, Class B building.
    • 1913 construction, two stories, on a 0.13‑acre lot in Detroit, MI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ladonna's Classy Creations Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -82.9422153
    Latitude
    42.3733012

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    FAQs

    What type of property is this?
    Multifamily property - Prime Detroit location, 4 units, 8% cap rate.
    Where is this multifamily property located?
    The property is located at 14536 Jefferson Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price for a multifamily/office property.; 5,582 square feet, priced at $118 per square foot.; 8.00% cap rate.
    Request Owner's contact information
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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
    14536 Jefferson Ave Detroit, MI 48215
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