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2921 E Jefferson Ave
Detroit, MI 48207 Elmwood

$3,270,000

Office Residential For Sale  •  8,500 Sq Ft

Property Details

  • Property Type Office Residential
  • Total Building Size 8,500 Sq Ft
  • Lot Size 0.2 ac
  • Building Class B
  • Year Built 1887
  • Cap Rate 4.49 %
  • Tenancy Multiple
  • Zoning Commercial
42 Transit Score
84 Walk Score

Description

The John N. Bagley Mansion is listed on the National Register of Historic Places.  Its French Renaissance Revival architecture is unique to Detroit.  Built as a private residence then converted to mixed use retail and office space, the Bagley is an elegant structure with six fireplaces, original hand carved woodwork and cabinetry.  Leaded stained-glass windows and exterior stone carvings designed by Julius Melchers -- famously known as a mentor of legendary architect Albert Khan.  Built in 1889 by the Rogers and MacFarlane firm, the Bagley Mansion offers a rare opportunity to own one of the most iconic properties in Detroit’s revitalized Rivertown district.

Highlights

National Register of Historic Places
Commercial and/or Residential Use
Attached Parking Lot with 15 spaces
20 Office Suites / Rooms
Walkability to Restuarants, Breweries and Cafes

Property Flyers

Financial Summary (Actual)

Net Operating Income: $146,920 (2018)
Cap Rate: 4.49 %
Total Expenses: $50,000

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Bus Line
  • Courtyard
  • Fenced Lot
  • Fireplace
  • Kitchen
  • High Ceilings
  • Natural Light
  • Security System
  • Wi-Fi
  • Hardwood Floors

Public Transportation

AirportDriveWalkDistance
Detroit City Airport 17 min - 6.3 mi
Detroit Metropolitan Airport 37 min - 25.2 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Jason Hill 313-752-0533 Historic Realty Detroit
Jason Hill 313-752-0533 Historic Realty Detroit