Property profile

2211 E Jefferson Ave Detroit, MI 48207

FOR SALE
Office buildings
Property ID
US43-1756956
77,520 SF 1.57 ac lot Built 1970
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 77,520 SF
Lot 1.57 ac (68,389 SF)
Zoning code B4
APN 09000112-24
UPID US43-1756956

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
  • Law Firm
  • Law Firm
  • Advocacy Group
  • Advocacy Group

Location

2211 E Jefferson Ave Detroit, MI 48207
Detroit metro Census 516600 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
$7.88M
Blend (final) Blend
$7.88M

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
Top alternative use upside
Commercial (general) $7.1M +48.1%
Restaurant $7.1M +48.0%
Neighborhood: shopping center $5.9M +22.9%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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