14536 Jefferson Ave Detroit, MI 48215
- Retail space
- 5,582 SF
- 0.13 lot acres
Current Use by Public Records
- Ladonna's Classy Creations / Beauty Salon / Hair Salon
Property Details for 14536 Jefferson Ave
- Year built
- 1913
- Lot size
- 0.13 lot acres
- Property size
- 5,582 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 21000336.
- APU
- 21000336
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9425
- Latitude
- 42.3733
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
