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3401 East Jefferson Avenue

Off-Market

3401 East Jefferson Avenue, Detroit, MI 48207

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 94,740 SF
  • Lot Size 4.22 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1950

Location

  • Walk Score ® Very Walkable (83)
  • Transit Score ® Good Transit (50)
  • Bike Score ® Very Bikeable (86)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Lower East Central
  • Zip Code 48207
  • Market Detroit

Points of Interest

Greektown

1.64 miles

Millender Center

1.75 miles

Cadillac Center

1.84 miles

Broadway

1.90 miles

Congress Street

1.93 miles

Campus Martius

1.93 miles

Grand Circus Park

1.99 miles

Financial District

2.01 miles

Montcalm Street

2.05 miles

Times Square

2.13 miles

Mobil

0.68 miles

Bedrock John R 1

2.05 miles

Mobil

2.25 miles

Bedrock Kahn Garage

2.41 miles

Wayne State University - Parking Structure #6

2.90 miles

Bedrock Corktown

3.04 miles

Bedrock QLDC 2

3.14 miles

Bedrock QLDC 1

3.14 miles

Wayne State University - Lot #50

3.29 miles

Wayne State University - Parking Structure #5

3.29 miles

Millenium Garage

2.23 miles

3456 Cass Lot

2.42 miles

Joe Louis Arena Garage

2.48 miles

VA Blue Parking Deck

2.49 miles

Whitney Lot

2.58 miles

WSU Parking Structure 3

2.78 miles

Lot 37

3.10 miles

Lot 50

3.30 miles

Lot 40

3.33 miles

Brigitte Harris Cancer Pavilion Garage

3.99 miles

Frenchies

1.30 miles

Elwood Grill

1.78 miles

Potbelly

1.96 miles

Domino's

1.98 miles

Go Sy Thai

1.99 miles

Subway

2.09 miles

Sports & Social Detroit

2.14 miles

Detroit Made Market

2.14 miles

Domino's

3.06 miles

Pie-Sci

3.53 miles

CGX

0.31 miles

Parkway Foods

2.63 miles

Forman Mills

3.61 miles

Save-A-Lot

4.13 miles

Al-Haramain International Foods

4.56 miles

Sprout House

4.63 miles

Prince Valley Supermercado Gigante

5.37 miles

ALDI

6.47 miles

The Shops at Woodward Place

6.48 miles

Mike's Fresh Market

6.69 miles

CVS Pharmacy

0.22 miles

Riverview Health and Rehab Center

0.89 miles

Team Wellness Center – East

1.38 miles

Engine Number 26 Fire Station

1.70 miles

DMC Children's Hospital of Michigan Specialty Center

2.15 miles

Detroit Police

2.19 miles

Detroit Medical Center

2.30 miles

Kresge Eye Institute

2.50 miles

John D. Dingell VA Medical Center

2.53 miles

Rite Aid

2.65 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • 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
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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.

  • 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 $80,727
  • Current Tax $39,107
  • Market Value* $1,867,800
  • Assessed Value $1,867,800

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 3401 East Jefferson Avenue?

3401 East Jefferson Avenue totals 94,740 square feet.

When was this property built?

3401 East Jefferson Avenue was built in 1950.

What is the market value for 3401 East Jefferson Avenue?

The market value* for 3401 East Jefferson Avenue in 2021 was $1,867,800.
*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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