Property profile

14536 E Jefferson Ave Detroit, MI 48215

FOR SALE
Retail space
Property ID
US43-1040509
5,582 SF 0.13 ac lot Built 1913
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an all-brick multi-unit commercial and residential building in the Jefferson Chalmers area. It contains four units total, including two street-level commercial spaces and two second-level apartments that can also function as office spaces. The building is approximately 5,582 square feet and is configured with full basements on each side, along with a large attached garage. There is also an adjacent lot included at 14526 Jefferson. The property is located a few blocks from the Detroit/Grosse Pointe border and is situated within an opportunity zone.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Total area 5,582 SF
Lot 0.13 ac (5,663 SF)
Zoning code B4
APN 21000336.
UPID US43-1040509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

14536 E Jefferson Ave Detroit, MI 48215
Detroit metro Census 513200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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