FOR SALEBAGLEY MANSION2921 E. JEFFERSON AVENUE

DETROIT, MICHIGAN

For more information, contact:CHRIS MONSOUR(248) 948 0107 | cmonsour@signatureassociates.com

PROPERTY HIGHLIGHTS

MANSION FEATURES

YEAR BUILT: 1889

LOT SIZE: .202 Acres

NO. OF STORIES: 3 + Basement

RENTABLE SPACE: 8,500 Sq. Ft.

PROPERTY TYPE: Commercial

NO. OF OFFICES: 20

PARKING SPACES 15

ANNUAL PER SQ. FT.: $23.17

SALE PRICE: $2,850,000

Activated commercial building

20 office spaces

Parking lot

8,500 sq. ft.

Prime location

Strategic neighborhood

Historic elements preserved

Unique offering

5-Star walkability

OWN THIS BEAUTIFUL CLASS A HISTORIC PROPERTY

FINDING AN EQUIVALENT DOWNTOWN REAL

ESTATE OPPORTUNITY IN ANOTHER TOP 15 METRO

AREA IN NORTH AMERICA WOULD COST AT LEAST

DOUBLE THE PRICE, IF AVAILABLE AT ALL

The Bagley Mansion is proudly offered for sale as a one-of-a-kind historical building with endless potential. Built in 1889,The Bagley Mansion boasts 8,500 square feet of mixed-usecommercial space with beautifully preserved originalarchitectural elements and is one of Detroit’s finest examplesof the French Renaissance Revival style. This stately mansionhas been completely renovated, including new windows,central air, and mechanicals. Wonderful original details canbe found in every room, including three fireplaces on themain floor and beautiful stain glass windows in the stairwell.

Located in Rivertown, this turn-key opportunity is perfect fora special events venue, restaurant/bar, bed & breakfast, lawor medical office or educational facility. This site sits on E.Jefferson Avenue, a main artery in Downtown Detroit, and isonly minutes to GM, Woodward and major highways.Conveniently situated with great walkability to restaurants,breweries, coffee shops, and more. The Bagley Mansion isalso directly adjacent to the new $4.9M Joseph CampauGreenway Development, which allows for foot traffic all theway to the Riverfront & Riverwalk with plans for furtherexpansion. A large parking lot offers ease of access and thepotential to add valet service, providing an exclusivecustomer experience.

MANSION MAIN FLOOR

MANSION OFFICE SUITES

MANSION COMMON AREAS

MANSION HISTORIC DETAIL

FIRST FLOOR SECOND FLOOR

THIRD FLOOR LOWER LEVEL

LEVEL SQ. FT. OFFICES RESTROOMS KITCHEN

First Floor 2,315 5 1 1

Second Floor 2,324 6 2 N/A

Third Floor 1,600 5 N/A N/A

Garden Level 2,255 4 1 N/A

ACTIVE LEASES MONTHLY RENT

Second Floor – Suites 201 $750

Third Floor – Suites 301 & 305 $1,310

Third Floor – Suites 302, 303 & 304 $2,500

FOR LEASE MONTHLY RENT

Second Floor – Suite 202 $650

Second Floor – Suite 203 $900

Lower Level $2,700

OWNER OCCUPANT

Main Floor

Second Floor – Suites 203, 204, 205, 206

Great potential for Owner Occupant to have supplemental income or Investment Buyer can rent all 20 suites at ROI of 6.5++

PROPERTY INCOME SNAPSHOT

LOCATION, LOCATION, LOCATION…Rivertown is situated just east of the Renaissance Center along the Detroit Riverfront.

Home to GM’s headquarters, this area has undergone rapid district-wide development.

Today, the once heavily industrial area has become a great riverfront community where

many redevelopment projects have been completed. Previously, Rivertown served as

the base for the city’s material and shipping needs for nearly 150 years and was

integral to the city’s rich cultural fabric. Recently, Detroit has worked to keep that

culture alive, in part by repurposing industrial space into lofts and townhomes. In 2007,

the Detroit Riverfront Conservancy completed construction of the award-winning

Detroit Riverwalk, and the Downtown Detroit Partnership converted the railway on St.

Aubin street into the Dequindre Cut, a bustling greenspace connecting Rivertown to

the Riverwalk and other Detroit districts. Today, the Riverfront hosts many attractions

including the Aretha Franklin Amphitheatre, William Milliken Park, Gabriel Richard Park,

and Cullen Plaza.

RIVERTOWN NEIGHBORHOOD

Source: Detroit Riverfront ConservancyGREATER DOWNTOWN DETROIT (7.2 SQ MI)

Directly adjacent to the Bagley Mansion is the new Joseph

Campau Greenway, a $4.9M project. The project has already

broken ground and when completed, it will provide access

from the Riverwalk to E. Vernor along Joseph Campau

Avenue and onto the existing Dequindre Cut. A pathway

between Larned and E. Jefferson will be added as well, which

also boarders the Bagley Mansion. This public greenspace

will allow for freedom of movement for runners, walkers, and

bikers, and increasing foot traffic next to the Bagley Mansion.

Detroit is becoming a leader in infrastructure containing bike

paths and trails and the Greenway will provide several miles

of foot traffic highlighting some of the best parts of Detroit.

On E. Jefferson Avenue – 100,000 VPD

2 minutes from GM headquarters

2 minutes from Woodward Avenue

Bus lines

Bike lanes

Steps to riverfront

Tunnel to Canada

Belle Isle State Park

Adjacent to new park development

Rapid surrounding development

Walkability to coffee, restaurants

Source: City of Detroit

Source: City of Detroit

IN CLOSE PROXIMITY

JOSEPH CAMPAU GREENWAY

“We have experienced a long period of head winds here in Detroit, but the airhas been dramatically shifting to a tail wind.” – Billionaire Dan Gilbert

Downtown Detroit has changed dramatically in the last 5 years. Its unprecedentedresurgence that has garnered national and international headlines.

Progressive infrastructure improvements Residential developments Public transportation initiatives Building restoration

Detroit, America’s first great city, promises continued responsible growth. It is aplace where the best is yet to come.

THE BEST TIME TO BECOME A PART OF DETROIT IS NOW

Source: Reddit

THEN

Source: Detroit Metro Times

NOW

Source: Downtown Detroit Parks

2nd largest increase in market outlook after Atlanta (2010-2016 by PWC)

84%+ positive real estate outlook up from 17% in 2010

Detroit is America’s only winner of the UNESCO “City of Design” designation

33% of the greater Downtown Detroit population is now millennials, this is 10% higher than the U.S. averagefor urban cities. Millennials have over a trillion dollars in direct buying power (21% of the market)

In 2017, New York Times named Detroit a TOP TEN destination to visit

Downtown Detroit now welcomes millions of visitors each year for major sports, casinos, internationalfestivals and conferences with a total tourist revenue of $14.2 billion

9.3 million annual visitors

Eastern Market attracts 550 local vendors and up to 40,000 visitors on Saturdays

Downtown Detroit boasts 11 museums

Detroit is home to some of the country’s most important cultural heritage, like Motown and is home to theworld’s largest free jazz festival

Detroit is the only American city with all four of its major league teams centrally located in its downtown core

A DECADE OF CHANGE &GROWING CONFIDENCE

A RISING TIDE LIFTS ALL SHIPSDETROIT’S TIDE IS STILL RISING

DON’T MISS OUT

Built in 1889, the Bagley Mansion was built as the private residence for

John N. Bagley, son of Michigan Governor John J. Bagley, who had made

his fortune in the Tobacco industry. It was designed in the French

Renaissance Revival style by the Detroit firm Rogers and MacFarlane and

remains one of the oldest surviving Detroit structures captured in this style.

The French Renaissance Revival style house bears some similarity in the

application of materials to Henry Hobson Richardson’s Romanesque

influence. It has a massive gable roof and a tower with conical roof and the

two stain glass windows are also original to the house. The entrance is set

into a round arch and the roof dormer features a bay window. Around the

entrance, the façade contains multiple surface and window treatments,

including sculptural elements by famous American sculptor Julius Melchers.

Melcher’s work can be found throughout Detroit, with three prominent

statues on display at Wayne State University. He also taught famed Detroit

architect Albert Kahn how to draw. In 1985, the Bagley Mansion was placed

on the National Register of Historic buildings.

JOHN N. BAGLEY HOUSE HISTORY

SIGNATURE ASSOCIATESOne Towne Square, Suite 1200Southfield, Michigan 48076(248) 948 9000

www.signatureassociates.com

For more information, contact:

CHRIS MONSOUR(248) 948 0107cmonsour@signatureassociates.com

BAGLEY MANSION2921 E. JEFFERSON AVENUE

DETROIT, MICHIGAN