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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 Sqft
  • Lot Size 1.08 Acre
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1929

Location

  • City Detroit, MI
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Market Detroit

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
  • Arm's Length
  • 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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Detroit Office Market

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

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (Sqft) 63,500
View more Detroit market trends

Tax

  • Property Tax in 2018 $33,198
  • Market Value $871,000
  • Assessed Value $871,000

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

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 property tax for 1949 & 1959 East Jefferson Avenue?

The property tax for 1949 & 1959 East Jefferson Avenue in 2018 was $33,198.

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

The market value for 1949 & 1959 East Jefferson Avenue in 2018 was $871,000.

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