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1949 & 1959 East Jefferson Avenue

Off-Market

1959 East Jefferson Avenue, Detroit, MI 48207

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  • Property Type Industrial - Flex - Industrial
  • Property Size 88,988 SF
  • Lot Size 1.08 Acre
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1929

Location

  • Walk Score ® Very Walkable (83)
  • Transit Score ® Good Transit (61)
  • Bike Score ® Very Bikeable (84)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Market Detroit

Points of Interest

Greektown

0.78 miles

Renaissance Center

0.79 miles

Millender Center

0.87 miles

Congress Street

1.04 miles

Broadway

1.07 miles

Financial District

1.13 miles

Grand Circus Park

1.18 miles

Times Square

1.28 miles

Montcalm Street

1.29 miles

Huntington Place

1.29 miles

Bedrock John R 1

1.38 miles

Bedrock Kahn Garage

1.54 miles

Bedrock Corktown

2.16 miles

Wayne State University - Parking Structure #8

2.18 miles

Bedrock QLDC 1

2.27 miles

Wayne State University - Parking Structure #6

2.43 miles

Wayne State University - Lot #50

2.72 miles

Wayne State University - Parking Structure #5

2.79 miles

Detroit Pistons Performance Center

3.16 miles

Shell

7.03 miles

Lofts of Merchants Row Garage

1.12 miles

Huntington Place Washington Blvd. Garage

1.27 miles

Federal Place Parking

1.47 miles

3456 Cass Lot

1.76 miles

Howard Lot A

1.79 miles

Strathmore Lot

1.97 miles

WSU Lot 56

2.32 miles

Lot 40

2.77 miles

WCCC Eastern Campus Lot

4.38 miles

Student Parking Lot I

7.73 miles

Clique Restaurant

0.39 miles

Bread Basket Deli

0.69 miles

Applebee's

0.83 miles

Detroit Made Market

1.26 miles

Cellar D's

1.30 miles

Burger King

1.91 miles

Goodwell's

2.11 miles

Fresh Rootz, LLC

2.38 miles

Yum Village

3.23 miles

Hygrade Deli

3.43 miles

CGX

1.05 miles

Parkway Foods

3.51 miles

Wonder Foods Supermarket

3.97 miles

Forman Mills

4.41 miles

Prince Valley Supermercado Gigante

4.56 miles

ALDI

5.27 miles

The Shops at Woodward Place

6.33 miles

Dearborn Village Supermarket

6.63 miles

Value Save Food Center

6.98 miles

Glory Supermarket

7.82 miles

Engine Number 9 Fire Station

1.03 miles

Detroit Police

1.33 miles

DMC Children's Hospital of Michigan Specialty Center

1.71 miles

Riverview Health and Rehab Center

1.77 miles

Detroit Medical Center

1.82 miles

PharMor

1.88 miles

John D. Dingell VA Medical Center

2.08 miles

Kresge Eye Institute

2.11 miles

Rite Aid

2.16 miles

Engine Number 26 Fire Station

2.54 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 18 Aug, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Detroit

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Detroit Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Tax

  • Base Tax $111,639
  • Current Tax $35,424
  • Market Value* $2,583,000
  • Assessed Value $2,583,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1949 & 1959 East Jefferson Avenue?

1949 & 1959 East Jefferson Avenue totals 88,988 square feet.

When was this property built?

1949 & 1959 East Jefferson Avenue was built in 1929.

When was 1949 & 1959 East Jefferson Avenue last sold?

1949 & 1959 East Jefferson Avenue was last sold on 18 Aug, 2015.

What is the market value for 1949 & 1959 East Jefferson Avenue?

The market value* for 1949 & 1959 East Jefferson Avenue in 2021 was $2,583,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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