8735 E JEFFERSON Avenue $4,200,000

    Close

    8735 E JEFFERSON Avenue Detroit, MI 48214

    • 105,847 sq. ft.
    • 3.45 Acres
    • Commercial
    • MLS# 60278477
    Favorite Share
    Views: 84 Days On Site: 334

    Go Tour This Listing

    Schedule A Showing

    Property Details

    A rare find on Jefferson Ave with unobstructed views of Detroitâ‚„¢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 365â‚„¢ 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.

    • General Features
      • Acreage 3.45
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision OLDES SUB (PLATS)
      • Total SqFt Finished 105847
      • Waterfront Y/N No
      • Year Built 99
      • ZONING Commercial,Professional Office
    • Building Features
      • Exterior Construction Block, Brick, Other
      • Heating System Forced Air
      • Roofing Rubber
    • Property Features
      • Water Public Water
      • Lot Size Irregular
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48214 (Detroit) Demographics

    43 Median Age
    3,787 Population Density (per sq. mile)
    31% College Educated
    $30,859 Estimated Median Income
    4,272 Estimated Total Home Owners
    6,303 Estimated Total Renters
    40% / 60% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    21,317 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $52,500 Median Sales Price
    12 Homes Sold
    35 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,200,000
        12/16/2023 3:22:00 PM New in Database Source: Multiple Listing Service New Value: $4,200,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.