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    1001 Jefferson Ave Detroit, MI 48207

    Sponsored
    For Lease
    $20 SF/Yr ($3,791 /Mo)

    Prime Jefferson Ave location, fully renovated.

    Lot size:
    2,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, located at 1001 E Jefferson Ave in Detroit, Michigan, presents a unique investment opportunity. The property, known as The Palms Apartments, boasts a total of 2,275 square feet, currently entirely vacant and ready for immediate occupancy. Situated on Jefferson Avenue and near Rivard, this single-tenant building offers unparalleled visibility and accessibility. Built in 1910 and extensively renovated in 2024, the property is in excellent condition and features a modern interior. The building comprises six stories and includes 25 parking spaces, a significant advantage in a bustling urban environment. The property's Wayne County location, with APN 05-000077, provides easy access to major transportation routes and a vibrant urban core. The 2,275 square feet of retail space offers a blank canvas for a variety of businesses, allowing for customization to meet specific needs. This is a rare chance to secure a fully renovated, high-visibility retail space in a prime Detroit location. The property is ready for immediate lease. Don't miss this opportunity to establish your business in a thriving area.

    Property Features for 1001 Jefferson Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,275 SF
    Total Rate
    3791.67

    Building Details

    Year Built/Renovated
    1910/2024
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,275 SF
    Rate per SF
    $30

    HighLights

    • 2,275 SF of downtown retail space within the 61‑unit Palms Apartments building.
    • New, move‑in ready white box space.
    • Palms Apartments undergoing complete renovation.
    • Prime location, walking distance to RenCen and the Detroit Riverfront.
    • Excellent visibility and signage opportunities on E Jefferson Avenue (approx. 30,000 vehicles per day).
    • Convenient rear parking lot and ample street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Palms Apartments Apartment Building The Palms Apartment Building Riverfront Tower Condos Condominium Complex Financial Successue Financial Planner Trial Strategy Research, ... Graphic Designer

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0345852
    Latitude
    42.3334987

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    FAQs

    What type of property is this?
    Retail property - Prime Jefferson Ave location, fully renovated.
    Where is this retail property located?
    The property is located at 1001 Jefferson Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 2,275 SF of downtown retail space within the 61-unit Palms Apartments building.; New, move-in ready white box space.; Palms Apartments undergoing complete renovation.
    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
    1001 Jefferson Ave Detroit, MI 48207
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