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    14500 Jefferson Ave Detroit, MI 48215

    For Sale
    $650,000

    Two buildings, high traffic, value-add opportunity.

    Property size:
    8,948 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents two freestanding retail buildings totaling 8,948 square feet situated on a hard corner at 14500 E Jefferson Ave, Detroit, MI 48215. The property boasts a prime location in Detroit's Marina District, offering high visibility and accessibility with 16,789 vehicles passing daily. Its proximity to Belle Isle, canals, marinas, Beaumont Hospital, Grosse Pointe Hospital, and Grosse Pointe Park enhances its appeal. Zoned B4 – Miscellaneous Commercial, this multi-tenancy property presents a significant value-add opportunity. The location is highly walkable and offers convenient access to Downtown Detroit (7-minute drive), Stellantis Jefferson North Plant, and the USCIS office (both within 1 mile). Nearby retailers include PNC Bank, H&R Block, Dollar General, O'Reilly Auto Parts, Subway, Dollar Tree, Shell, and Mobil, indicating a strong commercial presence in the area. The asking price for this exceptional retail portfolio is $650,000.

    Property Features for 14500 Jefferson Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,948 SF

    HighLights

    • Value‑add opportunity in Detroit's Marina District.
    • Two freestanding retail buildings totaling 8,948 square feet on Jefferson Avenue.
    • Hard corner location with 16,789 vehicles passing daily (VPD).
    • B4 - Miscellaneous Commercial zoning.
    • Highly walkable area, near Belle Isle, marinas, and hospitals.
    • Seven‑minute drive to Downtown Detroit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -82.943241081237
    Latitude
    42.373379464676

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    FAQs

    What type of property is this?
    Individual retail property - Two buildings, high traffic, value-add opportunity.
    Where is this individual retail property located?
    The property is located at 14500 Jefferson Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Value-add opportunity in Detroit's Marina District.; Two freestanding retail buildings totaling 8,948 square feet on Jefferson Avenue.; Hard corner location with 16,789 vehicles passing daily (VPD).
    Request Owner's contact information
    14500 Jefferson Ave Detroit, MI 48215
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    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
    14500 Jefferson Ave Detroit, MI 48215
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