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    Property profile & analytics
    FOR SALE
    Retail space

    14522 E Jefferson Ave, Detroit, MI 48215

    4,000 SF 0.13 ac lot Built 1924
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0875788
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1924
    Total area 4,000 SF
    Lot 0.13 ac (5,663 SF)
    Zoning code B4
    APN 21000338.
    UPID US43-0875788
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    East Jefferson Dev Corp · 7 yrs held
    East Jefferson Dev Corp
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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