9000 Jefferson AveDetroit, MI 48214

Property Details for 9000 Jefferson Ave

Year built

1965

Lot size

5.46 AC

Property size (Sq ft)

870,813 SF

Zone code

R6

Property type

Office buildings

APN

19000016.001

APU

19000016001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $177,547,000

  6.5%

  $163,890,000

  7%

  $152,183,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,455,800

  Geo Method

  $81,455,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $364,175,000

  Retail / Commercial

  $178,620,000

  Mixed-Use / Specialty

  $171,579,000

  Hospitality / Lodging

  $117,544,000

  Institutional / Educational

  $176,084,000

  Residential Income

  $206,019,000

  Multifamily

  $282,591,000

  Automotive / Energy

  $150,929,000

  Parking / Income-Based Land

  $58,411,100

  Restaurant / Food Service

  $75,572,100

  Healthcare / Senior Housing

  $182,519,000

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3562

Longitude

-82.9858

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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