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Property profile

9000 E Jefferson Ave Detroit, MI 48214

Office buildings
Property ID
US43-1438978
View Sample
870,813 SF 5.46 ac lot Built 1965
Entity Owned 3-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional retail property, located at 9000 E Jefferson Ave in Detroit, Michigan, presents a significant leasing opportunity. The building, constructed in 1965, boasts a substantial 594,105 square feet of total space, with 2,434 square feet currently available for lease. Situated on a generous 5.46-acre lot, this single-tenant property offers ample space and visibility. The property's prime location in Wayne County, with a zip code of 48214, provides excellent access to major transportation routes and a thriving consumer base. The property's Assessed Parcel Number (APN) is 19000016.001. This is an ideal location for a business seeking high visibility and significant square footage in a well-established Detroit commercial area. The property's size and location make it suitable for a variety of retail uses. The available space of 2,434 square feet offers flexibility for businesses of various sizes. Interested parties are encouraged to inquire about lease terms and conditions. The property is classified as Commercial Retail.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 870,813 SF
Lot 5.46 ac (237,838 SF)
Zoning code R6
APN 19000016.001
UPID US43-1438978

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
  • Music Venue Bar & Pub
  • Advertising Agency Marketing & Advertising
  • Clothing Store Service Establishment
  • Bank Credit Union
  • Apartment Building Apartment Complex

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$55.76M
Blend (final) Blend
$55.67M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
$46.4M
2020
Price N/A
2017
Price N/A

Zoning & alternative use

R6 · Detroit, MI
Zoning description

lows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5) R5 Medium Density Residential District. (6)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $79.5M +48.1%
Restaurant $79.4M +48.0%
Neighborhood: shopping center $66.0M +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?”
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