$749,900
Detroit, MI 48215
MLS# 26028797
5874 sqft
1 / 43
Property Description
Positioned on one of Detroit's most rapidly appreciating commercial corridors, this mixed-use property sits on the border of prestigious Grosse Pointe. Offering a robust blend of immediate cash flow and substantial value-add potential, this 5,874-square-foot building is set for investor & or occupant, featuring 3 commercial storefronts and two massive upper-level apartments. Commercial Footprint (3 Storefronts )Each retail space is approximately 980 sq. ft. & features its own dedicated, private basement for inventory or storage. Left Unit: Active, established Men's Barber Shop. Right Unit: vibrant Women's Beauty Salon or...you name it...?, steady commercial tenant income. Center Unit: A prime, vacant restaurant space complete with existing commercial kitchen equipment & Table space. Plus Residential Living 2 Spacious Upper Aparts, 2-bedroom, 1-bath 1,425 sq. ft. each, 1-occupied at $1300 per mo. & 1 vacant, *Land contract Available* asking 50% down/make offer
Details
Location & Property Info
Cross Streets: Alter & Jefferson
Property Sub-Type: Retail
Municipality: Detroit City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 127.66
Prop Avail for Lease?: Yes
Current Bldg Use: 3 Storefronts & 2 x 2 Bedroom Apartments,
General Property Info
New Construction: No
Lot Dimensions: 48 x 140
Road Frontage: 48
Waterfront: No
Total # Units: 5
Total # Bldgs: 1
# Fin Bldg Lvls: 5874
Total SqFt: 5874
Property Use Type: Business
School District: Detroit
Lot Measurement: Acres
Lot Acres: 0.16
Lot Square Footage: 6970
Year Built: 1924
Full Baths: 5
Tax Info
Taxable Value: 29608
SEV: 113000
For Tax Year: 2025
Seller's Annual Property Tax: 5042
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: 0
Zoning: Commercial
Tax ID #: 21000350.
Remarks & Misc
Public Remarks: Positioned on one of Detroit's most rapidly appreciating commercial corridors, this mixed-use property sits on the border of prestigious Grosse Pointe. Offering a robust blend of immediate cash flow and substantial value-add potential, this 5,874-square-foot building is set for investor & or occupant, featuring 3 commercial storefronts and two massive upper-level apartments. Commercial Footprint (3 Storefronts )Each retail space is approximately 980 sq. ft. & features its own dedicated, private basement for inventory or storage. Left Unit: Active, established Men's Barber Shop. Right Unit: vibrant Women's Beauty Salon or...you name it...?, steady commercial tenant income. Center Unit: A prime, vacant restaurant space complete with existing commercial kitchen equipment & Table space. Plus Residential Living 2 Spacious Upper Aparts, 2-bedroom, 1-bath 1,425 sq. ft. each, 1-occupied at $1300 per mo. & 1 vacant, *Land contract Available* asking 50% down/make offer
Legal: S--E JEFFERSON W 8 FT 55 54 MARSHLAND BLVD SUB L26 P92 PLATS, W C R 21/293 48 X 140
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional/Office: 1
Restaurant: 1
Retail: 1
Other: 1
Construction Type
Block: 1
Concrete: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Other: 1
Heat Type
Forced Air: 1
Business Includes
Equipment: 1
Real Estate: 1
Other: 1
Util Avail at St
High Speed Internet: 1
Phone Available: 1
Purchase Terms Avail
Assumable: 1
Cash: 1
Conventional: 1
Land Contract: 1
Tax Def Exchange: 1
Other: 1
Location Property Info
County: Wayne
Street #: 14318
Street Direction: E
Street Name: Jefferson
Suffix: Avenue
State: MI
Zip Code: 48215
Zip (4): 2932
OfficeContract Info
Status: Active
Current Price: $749,900
List Price: $749,900
Listing Date: 2026-06-11
Property Features
Uses: Professional/Office; Restaurant; Retail; Other
Business Includes: Equipment; Real Estate; Other
Construction Type: Block; Concrete; Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: High Speed Internet; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Purchase Terms Avail: Assumable; Cash; Conventional; Land Contract; Tax Def Exchange; Other
Sale Conditions: None; Other
Listing Office: Michigan Dream Homes, LLC
Listing Agent: John Wallen
Last Updated: June - 11 - 2026
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