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    8377 Jefferson Ave Detroit, MI 48209

    Sponsored
    For Lease
    Contact for pricing

    Historic building, redevelopment opportunity.

    Lot size:
    4,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.7-acre industrial property, located in Detroit's West of Woodward submarket, presents a unique redevelopment opportunity. The site features a 4,920 square foot, two-story building constructed in 1920, currently vacant and available for immediate lease. The building boasts a 10-foot ceiling height and sits on a highly desirable waterfront location with 486 feet of frontage on the Detroit River/Rouge River, offering unparalleled potential for water access and docking. The property is zoned M-4 Industrial, allowing for a wide range of uses. Given its historic character and prime location, this property is ideal for adaptive reuse projects, offering significant potential for investors and developers seeking a unique and strategically positioned asset in a rapidly developing area of Detroit. The existing structure requires substantial rehabilitation or redevelopment, presenting a blank canvas for a visionary project. The substantial river frontage and generous land area provide ample space for expansion or the creation of a truly unique development. Wayne County location provides easy access to major transportation arteries.

    Property Features for 8377 Jefferson Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,920 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,920 SF

    HighLights

    • 4,920 SF industrial building available for lease.
    • Located on a 0.7‑acre lot.
    • Historic building (1920) requiring redevelopment.
    • Exceptional Detroit Riverfront/Rouge River frontage (486').
    • Water access/docking capabilities.
    • M‑4 Industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1172794
    Latitude
    42.2905237

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    FAQs

    What type of property is this?
    Land - Historic building, redevelopment opportunity.
    Where is this land located?
    The property is located at 8377 Jefferson Ave Detroit, MI.
    What are key features of this property?
    This property features: 4,920 SF industrial building available for lease.; Located on a 0.7-acre lot.; Historic building (1920) requiring redevelopment.
    Request Owner's contact information
    8377 Jefferson Ave Detroit, MI 48209
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    Detroit, MI 48209
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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
    8377 Jefferson Ave Detroit, MI 48209
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