For Sale
14318 E Jefferson Avenue, Detroit, MI 48215
$749,900
MLS # 26028797 (Michigan Regional Information Center (MichRIC))
5 bathsBuilt 19240.16 acres
1 / 43
Listing 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
Source: SparkMLS
About this home
5-bath home in East Riverside in Detroit built in 1924.
Listed at $749,900.
Annual property taxes run approximately $8,128 ($677/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms5
Lot Size0.16 acres
Year Built1924
Location
CityDetroit
MunicipalityDetroit City
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
HeatingForced Air
UtilitiesPhone Available, Natural Gas Connected, Electricity Connected
InteriorBroadband
Sale & Financing
Listed6/10/2026
Terms AcceptedConventional, Tax Def Exchange, Land Contract, Assumable, Cash
Source: SparkMLS
Tax Information
Annual Tax$2,872
Tax Year2025
State Equalized Value$98,900
Assessed Value$98,900
Parcel #21000350.
Source: Public Records
Legal Description
S--E JEFFERSON W 8 FT 55 54 MARSHLAND BLVD SUB L26 P92 PLATS, W C R 21/293 48 X 140
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLHistoric District: Jefferson-Chalmers Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by John Wallen
Michigan Dream Homes, LLC
Frequently Asked Questions about 14318 E Jefferson Avenue, Detroit, MI 48215
Which school district serves 14318 E Jefferson Avenue, Detroit, MI 48215?
Per MLS# 26028797, 14318 E Jefferson Avenue, Detroit, MI 48215 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What financing options are available for 14318 E Jefferson Avenue, Detroit, MI 48215?
Per MLS# 26028797, this listing accepts Conventional, Tax Def Exchange, Land Contract, Assumable, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 14318 E Jefferson Avenue, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $5,042 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 14318 E Jefferson Avenue, Detroit, MI 48215 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 14318 E Jefferson Avenue, Detroit, MI 48215 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is 14318 E Jefferson Avenue, Detroit, MI 48215 in a historic district?
Per municipal ordinance records, this property is within the Jefferson-Chalmers Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 14318 E Jefferson Avenue, Detroit, MI 48215?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
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Annual tax$8,128
Monthly$677
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$5,541
Principal & interest$4,864
Property taxes$677
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
14318 E Jefferson Avenue, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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