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    14522 Jefferson Ave Detroit, MI 48215

    For Sale
    $350,000

    Detroit Mixed-Use Redevelopment Opportunity

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,000 square foot mixed-use property, located at 14522 E Jefferson Ave in Detroit, Michigan, presents a compelling redevelopment opportunity. Situated on a 0.13-acre lot in the vibrant Jefferson Chalmers neighborhood, this building boasts a prime location on busy Jefferson Avenue, offering significant potential for a variety of uses. Built in 1924, the two-story structure features 15 parking spaces, a significant advantage in this area. The property is zoned B-4, allowing for diverse commercial applications. With a total of 4,000 square feet, the asking price is $350,000, translating to $87.50 per square foot. The property's unique character and strategic location make it an ideal investment for entrepreneurs and developers seeking a high-impact project. The ample square footage and flexible zoning provide a blank canvas for creative vision. The property's history adds to its charm, while its prime location ensures high visibility and accessibility. The 15 parking spaces offer convenient access for customers and employees. This is a rare opportunity to acquire a substantial property in a rapidly developing area of Detroit. The Assessor's Parcel Number (APN) is 21-000338. This property is ready for its next chapter.

    Property Features for 14522 Jefferson Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,000 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1924
    Buildings
    1
    Stories
    2

    HighLights

    • 4,000 SF available for sale.
    • B‑4 zoning.
    • Redevelopment opportunity on Jefferson Avenue in Jefferson Chalmers.
    • Multiple potential uses.
    • $350,000 sale price ($87.50/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -82.9427618
    Latitude
    42.3732711

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    FAQs

    What type of property is this?
    Mixed-use property - Detroit Mixed-Use Redevelopment Opportunity
    Where is this mixed-use property located?
    The property is located at 14522 Jefferson Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 4,000 SF available for sale.; B-4 zoning.; Redevelopment opportunity on Jefferson Avenue in Jefferson Chalmers.
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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
    14522 Jefferson Ave Detroit, MI 48215
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