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5650 West Jefferson Avenue

Off-Market

5650 West Jefferson Avenue, Detroit, MI 48209

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 34,895 SF
  • Lot Size 1.38 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1965

Location

  • Walk Score ® Car-Dependent (15)
  • Transit Score ® Some Transit (36)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood West Riverfront
  • Zip Code 48209
  • Market Detroit

Points of Interest

Huntington Place

2.77 miles

Michigan

2.83 miles

Congress Street

3.02 miles

Campus Martius

3.05 miles

Grand Circus Park

3.10 miles

Checker Cab #977

3.14 miles

Cadillac Center

3.16 miles

Millender Center

3.18 miles

Montcalm Street

3.20 miles

Adelaide Street

3.28 miles

Bedrock QLDC 2

1.96 miles

Bedrock Corktown

1.96 miles

Bedrock QLDC 1

1.98 miles

Bedrock Kahn Garage

2.56 miles

Marathon

2.91 miles

Bedrock John R 1

3.44 miles

Wayne State University - Lot #50

3.57 miles

Wayne State University - Parking Structure #8

3.76 miles

Wayne State University - Parking Structure #5

3.87 miles

Wayne State University - Parking Structure #6

3.96 miles

WCCC Lot

2.12 miles

1001 Woodward Garage

3.04 miles

Ally Detroit Center Garage

3.10 miles

Two Detroit Center Garage

3.14 miles

Franklin Deck

3.42 miles

Garfield Manor lot

3.85 miles

VA Red Parking Deck

4.02 miles

WSU Lot 75

4.07 miles

CCS Parking Structure

4.51 miles

Cass Avenue Garage

4.62 miles

Camino Real Mexican Grill

1.30 miles

El Zocalo

1.42 miles

Panda Chinese Restaurant

1.85 miles

Detroit Made Market

2.79 miles

Texas De Brazil

3.07 miles

LeCulture Detroit

3.34 miles

Blimpie

3.83 miles

Savvy Sliders

4.09 miles

Sala Thai

4.12 miles

Noah's Deli

4.80 miles

University Foods

3.52 miles

Rivertown Market

3.72 miles

Food Pride Super Market

4.20 miles

Lance's Hometown Supermarket

5.04 miles

CGX

5.05 miles

Royal Plaza

5.37 miles

Burlington

5.84 miles

Greenland Market

5.86 miles

Target

6.01 miles

TJ Maxx

6.15 miles

Southwest Discount Pharmacy

1.06 miles

Engine Number 29 Fire Station

1.09 miles

Engine Number 10 Fire Station

2.09 miles

River Rouge Police Station

3.03 miles

Detroit Police Training Academy

3.69 miles

Knight Drugs

3.78 miles

Rite Aid

3.81 miles

Detroit Medical Center

3.88 miles

John D. Dingell VA Medical Center

3.96 miles

DFD Ladder No. 5/3rd battalion/Engine No. 6

4.14 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 26 Jan, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date
  • Loan Maturity Date

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 $13,873
  • Current Tax $8,422
  • Market Value* $321,000
  • Assessed Value $321,000

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 5650 West Jefferson Avenue?

5650 West Jefferson Avenue totals 34,895 square feet.

When was this property built?

5650 West Jefferson Avenue was built in 1965.

When was 5650 West Jefferson Avenue last sold?

5650 West Jefferson Avenue was last sold on 26 Jan, 2016.

What is the market value for 5650 West Jefferson Avenue?

The market value* for 5650 West Jefferson Avenue in 2021 was $321,000.
*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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