For Sale
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Property summary
This exceptional six-story executive office building, located at 2211 E Jefferson Avenue in Detroit, Michigan, presents a unique investment opportunity. Boasting 80,289 square feet of prime office space, the property features stunning riverfront views and is situated on a 1.57-acre lot. Built in 1969 and renovated in 1981, the building includes convenient amenities such as a commercial cafeteria, auditorium, and fitness center, catering to the needs of a large workforce. An additional 11,667 square feet of basement space provides ample storage or expansion potential. The property offers 129 parking spaces, combining surface and deck parking for secure and convenient access. Its B-4, General Business District zoning allows for a variety of uses. The building's location within an Opportunity Zone presents significant redevelopment potential, and its proximity to the Central Business District and the new Meijer's Rivertown Market adds to its appeal. The asking price is $3,900,000. The property's Assessor's Parcel Number (APN) is 09-00011-224. This is a rare chance to acquire a substantial, well-appointed office building in a rapidly developing area of Detroit. The property's size, amenities, and location make it an ideal corporate headquarters or a strong investment for future development.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Advocacy Group
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Advocacy Group
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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