8735 E JEFFERSON Avenue Detroit, MI $ 4,200,000
8735 E JEFFERSON Avenue
$ 4,200,000
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8735 E JEFFERSON Avenue

Detroit, MI, 48214
$ 4,200,000
Baths0.0 Sq 105,847

Monthly Estimate*

$ 29,338

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Studio

Commercial Property for sale in Detroit, MI

for $4,200,000. This 105,847 square foot building was built on a lot size of 3.45.

A rare find on Jefferson Ave with unobstructed views of Detroit’s International Waterfront, this former UAW Headquarters and 1928 German Social Club is a blend of old world craftsmanship and practicality at a substantial discount to replacement cost. Three interconnected buildings provide over 105,000 (+/-) sqft of above-ground floor space plus full basements for extra rentable square footage. The property sits directly across the Erma Henderson Memorial Park on a combined 3.45 acres (+/-) parcel with 365’ of frontage on Jefferson Ave. The fenced in parking lot has 260 parking spaces with a guardhouse. Notable features of the original 1928 building include an in-ground pool, full-size gymnasium, saunas, exercise room, library, elevator, and a Grand foyer with ornate woodwork and Pewabic tile. The 1980 addition is a traditional office building with a central core and perimeter offices. Floor plates were designed to accommodate many different floor plan configurations and multiple tenants if needed. Central core includes elevators, bathrooms, and stairway. The two story office building includes an elevator, full basement, and a dedicated parking lot. Interior pictures are for reference only and not a current representation of the condition of the property.

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Commercial Active

Price

$ 4,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 46,854

Style

Commercial/Industrial

Lot Size

3.45

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60278477

Features
General
Heating Forced Air
Possession At Close
Roof Rubber
Water Public Water
Status Active Active
Year Built 99
Subdivision OLDES SUB (PLATS) MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Detroit
Zoning Professional Office Commercial
Area Detroit (82001)
Primary City Detroit
Directions On Jefferson Avenue across from Erma Henderson Memorial Park
City Detroit
Street Name JEFFERSON
Financial Terms Cash Conventional
Legal Description N JEFFERSON 89 THRU 124 AND VAC BRUCE & ALLEYS ADJ EXC JEFFERSON AS WD OLDES SUB L12 P40 PLATS WCR 19/20 98 453 SQ FT
DOM 158
Postal Code 48214
Price Per Sq Ft Total 39.68
Coming Soon A rare find on Jefferson Ave with unobstructed views of Detroit’s International Waterfront
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Exterior
Exterior Block Brick Other
Frontage 365
Lot Size Area 3.45
Lot Dimensions Irregular
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Preka Berishaj

Listing Agent

Victor Properties, Inc

Broker

preka@victorintl.com

Email

Affordability Calculator

$33,243
Per Month
88%
12%
0%
Monthly Principal & Interest
$29,338
Monthly Property Taxes
$3,905
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2023$4,200,000 Listed Price

Map


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8735 E JEFFERSON Avenue, Detroit, MI, 48214 is a Commercial Property for sale at $4,200,000 with 105,847 sqft and a lot size of 3.45. 8735 E JEFFERSON Avenue is a studio with 0.0 baths. The property's zip code is 48214 which is in Detroit, MI