29255 Jefferson Ave Gibraltar, MI 48173-9738
- Retail space
- 9,780 SF
- 1.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 29255 Jefferson Ave
- Year built
- 2001
- Lot size
- 1.17 lot acres
- Property size
- 9,780 SF
- Zone code
- RESIDE
- Property type
- Retail space
- APN
- 36 012 99 0022 000
- APU
- 36012990022000
Description
This impressive 9,800 square foot medical office building, formerly a Save More Drugstore, is situated on a 1.1-acre lot at the corner of West Jefferson and Gibraltar. Its prime location offers excellent visibility and accessibility, making it ideal for a variety of uses, including medical offices, clinics, or even a grocery store given its size and proximity to residential areas. The building boasts a well-maintained exterior, ample parking, and a flexible interior layout that allows for customization to meet specific tenant needs. Large windows provide abundant natural light, creating a bright and welcoming atmosphere. The structure is well-constructed and durable, promising a professional and lasting business address. This single-tenant property presents a unique opportunity for businesses seeking a prominent location with significant space and potential. The adaptable layout supports multiple uses, inviting retail businesses to take advantage of this prime space. This is an incredible leasing opportunity in a desirable location with unlimited potential for growth and success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $975,000
- 7%
- $985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,135,000
- Geo Method
- $1,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,040,000
- Retail
- $985,000
- Mixed-Use
- $945,000
- Hospitality
- $1,105,000
- Educational
- $1,010,000
- Residential Income
- $980,000
- Energy
- $975,000
- Income-Based Land
- $895,000
- Food Service
- $1,020,000
Location Insight
- Map
- Local Demand
- City
- Gibraltar
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2038
- Latitude
- 42.0929
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
