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Financial
Distress signals
Property profile

1959 Jefferson Ave Detroit, MI 48207

OFF-MARKET
Office buildings
Property ID
US43-1604083
53,720 SF 0.32 ac lot Built 1929
Last sale Aug 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a three-building portfolio of historic commercial buildings located in or near downtown Detroit, Michigan, at 625 Shelby Street, 1959 E. Jefferson Avenue, and 2952–2954 Woodward Avenue. Each building features classic historic architecture and is situated approximately one-half block from the Dequindre Cut Greenway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$21k
Tax billed · 2020
Assessed value · 2024$969k
Effective rate2.18%

Value estimate

· Oct 2026
$2.52M
$2.26M – $2.77M
Submarket $/SF estimate$2.52M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$62/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$25 – $102

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center11.4
HVAC Service9.2
Laundromat8.5

Location

1959 Jefferson Ave Detroit, MI 48207-4125
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3323 Gratiot, Detroit, MI 48207-2358 $150,000 Dec 2024 6,875 SF
3506 Gratiot, Detroit, MI 48207-1830 $310,000 May 2021 6,952 SF
2920 Jefferson, Detroit, MI 48207-5028 $210,000 Dec 2018 4,858 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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