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

Lot Size

3.45

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230104299

Features
General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Possession At Close
Zoning Commercial Office
Year Built 9999
Property Type Commercial
Subdivision Name OLDES SUB (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Block/Concrete/Masonry Brick Other
Cumulative Days on Market 128
MLS Area Det: 6-Mack I75-Conner
Directions On Jefferson Avenue across from Erma Henderson Memorial Park
City Detroit
Terms Offered Cash Conventional Quit Claims Deed
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name JEFFERSON
Total Sq Ft 105847
DOM 128
Taxes 46854.0000
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
Waterfront 0
Lot Size Area 3.45
Water Source Public (Municipal)
Lot Size Dimensions Irregular
Roof Material Rubber
Architecture Level 2 Story
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Interior
Street Suffix Avenue
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Preka Berishaj

Listing Agent

Victor Properties, Inc

Broker

(248) 568-4580

Phone

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
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. 8735 E Jefferson Avenue is a studio with 0.0 baths. The property's zip code is 48214 which is in Detroit, MI