8735 Jefferson AveDetroit, MI 48214

For Sale
$4,200,000

Historic Charm, Modern Potential, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Detroit investment opportunity presents a unique blend of history and potential. The property, encompassing three interconnected buildings totaling over 105,000 square feet of above-ground space, plus full basements, sits on a 3.45-acre lot with 365 feet of prime Jefferson Avenue frontage. Directly across from Erma Henderson Memorial Park, it boasts unobstructed views of the Detroit International Waterfront. The complex includes a historic 1928 building featuring remarkable original details such as an in-ground pool, gymnasium, saunas, exercise room, library, elevator, and a grand foyer with ornate woodwork and Pewabic tile. A 1980 addition offers a traditional office layout with a central core, perimeter offices, and adaptable floor plates suitable for multiple tenants. A more recent two-story building also includes an elevator and full basement. The property includes a fenced parking lot with 260 spaces and a guardhouse. The asking price represents a substantial discount to replacement cost, making this a compelling value-add opportunity for discerning investors. Interior photos are for historical reference only and do not reflect current conditions. The property's size, location, and unique features offer significant upside potential. This is a rare chance to acquire a landmark Detroit property with substantial redevelopment possibilities.

Highlights

  • $4,200,000 asking price for a value-add opportunity.
  • Three-building office complex totaling 105,000+ square feet, plus basement space.
  • 3.45-acre lot with 365 feet of frontage on Jefferson Ave in Detroit, MI, including 260 parking spaces.
  • Features include a 1928 building with unique amenities (pool, gym, etc.), a 1980s office building, and a two-story office building.
  • Broker co-op available.

Property Details for 8735 Jefferson Ave

Property type
Other office properties, Office properties
Square Feet
100,000 SF
Buildings
3
Stories
4
Lot Size (sq. ft)
150,282 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.355976868237
Longitude
-82.988331379594
8735 Jefferson Ave, Detroit, Michigan

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8735 Jefferson Ave
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