24317 Jefferson AveSt. Clair Shores, MI 48080

Property Details for 24317 Jefferson Ave

Year built

1980

Lot size

0.51 AC

Property size (Sq ft)

6,651 SF

Zone code

CLD

Property type

Residential income homes

Property subtype

Serviced apartments

APN

09-14-27-429-043

APU

91427429043

Description

This exceptional commercial property at 24317 Jefferson Ave in St. Clair Shores, Michigan, offers a unique opportunity for businesses seeking executive office space. Located in Macomb County, this 6,651 square foot building is currently fully vacant and available for lease. The property features flexible space options, with a minimum divisible unit of 1,392 square feet and a maximum contiguous space of 5,259 square feet, catering to various business needs. The building is zoned CLD and sits on a 0.51-acre lot, providing ample space and parking. With 20 parking spaces available, client and employee parking is readily accommodated. The property's prime location in St. Clair Shores, a city bordering Lake St. Clair and part of the Metro Detroit area, offers excellent accessibility and visibility. Its proximity to the Nautical Mile, a historic waterfront destination, adds to its appeal. This versatile property is suitable for a variety of commercial uses, including retail, office, and restaurant establishments, making it an ideal investment opportunity in a thriving community. The entire 6,651 square feet is available for immediate occupancy. This presents a rare chance to secure a substantial and adaptable space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,715,306

  6.5%

  $1,583,359

  7%

  $1,470,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,309

  Geo Method

  $964,309

• Alternative Use

  Use

  Valuation

  Residential

  $1,583,359

  Hospitality

  $1,450,348

  Educational

  $1,206,673

  Medical

  $1,248,172

  Retail

  $1,877,046

Location Insight

City

Saint Clair Shores

County

Macomb

State

Michigan

Latitude

42.4708

Longitude

-82.8889

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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