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
Bedrooms-- Baths-- Sq 105,847

Monthly Estimate*

$ 26,203

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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

Property Type

Commercial

Taxes

$ 46,854

Style

RealEstateOnly

Lot Size

3.45

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230104299

Features
General
Sewer PublicSewer
Heating ForcedAir
Possession AtClose
Roof Rubber
Construction Materials Block Brick Other
Year Built 9999
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial Office Vacant
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name OLDES SUB (PLATS)
Garage Y/N N
Status Active
Directions On Jefferson Avenue across from Erma Henderson Memorial Park
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Office
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 46854.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 2371800
Expected Active Date 2023-12-16
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
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Exterior
Parking Features ParkingLot OnSite
Water Source Public
Lot Size Area 3.45
Spa N
Building Area Total 105847.0
Lot Dimensions Irregular
Lot Size Acres 3.45
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 105847.0
Total Bedrooms 0
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Internal Only
Street Number 1 8735
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* Excluded Features
List By
Preka Berishaj

Listing Agent

Victor Properties, Inc

Broker

(248) 568-4580

Phone

Affordability Calculator

$30,107
Per Month
87%
13%
0%
Monthly Principal & Interest
$26,203
Monthly Property Taxes
$3,905
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2023$4,200,000 Listed Price

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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. The property's zip code is 48214 which is in Detroit, MI