For Sale
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Property summary
This exceptional investment opportunity presents a 17,500 square foot, single-story school building situated on a half-acre lot in Detroit, Michigan. Built in 1978, the property is currently occupied and boasts a prime location on East Jefferson Avenue in the Rivertown Warehouse District, minutes from downtown Detroit. The building sits within a thriving area with a population of 65,000 residents within a three-mile radius. Zoned for commercial use, this property offers ample space for various educational purposes and benefits from modern infrastructure and facilities. The asking price is $2,200,000. This well-maintained building presents a strong investment opportunity due to its location, size, and current occupancy. The property's strategic positioning on a major thoroughfare provides excellent visibility and accessibility. This is a rare chance to acquire a substantial, established school building in a desirable Detroit neighborhood. The property's history as a successful school adds to its appeal and potential for continued use in the education sector or repurposing for other commercial ventures.
Property profile
VerifiedCap rate & NOI
Current use
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Military Recruiting Office
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High School
Value estimations
Owner & transaction history
Zoning & alternative use
Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) S…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
SD4 · Detroit, MIRecreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) S…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SD4 in Detroit, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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