29425 W Jefferson Avenue Rockwood, MI $ 1,900,000
29425 W Jefferson Avenue
$ 1,900,000
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29425 W Jefferson Avenue

Rockwood, MI, 48173
$ 1,900,000
Bedrooms-- Baths-- Sq 12,144

Monthly Estimate*

$ 11,997

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Commercial Property for sale in Rockwood, MI

for $1,900,000. This 12,144 square foot building was built on a lot size of 1.32.

Rare opportunity to acquire a well-established 24-unit multifamily investment in Gibraltar, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.32 acres with 155 feet of frontage, this two-story property offers an attractive mix of 16 one-bedroom and 8 two-bedroom units, providing a diverse tenant base and consistent rental demand. The property features approximately 12,144 square feet of living space, a full basement, boiler heat, individual window A/C units, municipal water and sewer, and ample on-site parking. Long-term ownership has provided stability and a strong track record of rental income, while current rents present an opportunity for a new owner to evaluate and capture additional rental upside over time. Conveniently located near Gibraltar Road, I-75 and major Downriver thoroughfares, with easy access to shopping, dining, employment and surrounding communities. A substantial multifamily asset with established income, a desirable unit mix and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses and financials.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 25,113

Style

Commercial/Industrial

Lot Size

1.32

Town/City

Rockwood

County/Region

Wayne

MLS | Web ID

61021929

Features
General
Heating Hot Water
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Bank Owned
Municipality Gibraltar
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Gibraltar (82183)
Primary City Gibraltar
Virtual Tour https://tours.runt.media/v/ZQSQn3t
Directions West on Gibraltar Rd from I-75
City Rockwood
Financial Terms Cash Conventional
Legal Description 01U1B2 T5S THAT PART OF PRIVATE CLAIMS 54 AND 355 DESCRIBED AS BEGINNING AT A POINT ON THE ELY LINE OF SOUTH RIVER ROAD 120 FT WIDE DISTANT S 22D 15M W 874.62 FT FROM THE INTERSECTION OF SAID ELY LINE
DOM 1
Postal Code 48173
Price Per Sq Ft Total AG 156.46
Public Remarks Rare opportunity to acquire a well-established 24-unit multifamily investment in Gibraltar
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Exterior
Exterior Brick
Frontage 155
Lot Size Area 1.32
Lot Dimensions 154x410
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Jessica Tremonti

Listing Agent

Century 21 Curran & Oberski

Broker

jessicatremonti@gmail.com

Email

Affordability Calculator

$14,090
Per Month
85%
15%
0%
Monthly Principal & Interest
$11,997
Monthly Property Taxes
$2,093
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/17/2026$1,900,000 Listed Price

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29425 W Jefferson Avenue, Rockwood, MI, 48173 is a Commercial Property for sale at $1,900,000 with 12,144 sqft and a lot size of 1.32. The property's zip code is 48173 which is in Rockwood, MI