$799,000
Pending

8325 E Jefferson Avenue

Detroit, MI 48214
0.34 acres | #R2220038894
Browse 13 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

This Retail, Residential and Office building is elegance defined! A 1902 beauty in one of Detroit's best neighborhoods. This 5,000 square foot building has so many opportunities for the entrepreneur. Currently being used as "The Collective" leased to artists and many business owners. There are numerous rooms that could be used as bedrooms or possibly classrooms. Spacious top floor apartment can be leased for additional substantial income. Large parking lot behind the property can accommodate approximately 20 vehicles. This could be a great bed and breakfast, restaurant, office suites, or convert it into your own home! A lovely, close by stroll to West Village shops, cycle and yoga classes, restaurants, stores, bars, parks and more. Just minutes from the Riverfront, Belle Isle & Downtown Detroit!

  • Property Details
      • Acres0.34
  • Construction Details
      • Year Built1902
  • Community and Neighborhood Details
      • SubdivisionPARK
    • Location
      • CountyWayne
  • Financial Details
      • Original List Price$849,000
      • Days on Market (Cumulative)360
      • Buying Agency Compensation3%
  • Other
      • MLS #R2220038894
  • -
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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