Attention Investors and Histoic Building Lovers! The Bagley Mansion is a rare remaining example of French Renaissance Romance architecture – this prominent red sand stone structure was originally built in 1889 by John Bagley – the 16th Governor of Michigan. It is adorned with original hand-carved fire places, stained glass works and 21st Century crystal chandeliers. Originally a private residence, this landmark building is now a 20-unit commercial building that has retained its historic charm and features.
Perfectly situated on Detroit’s busy East Jefferson Avenue, the Bagley Mansion is located 2 miles from Detroit’s Renaissance Center; walking distance to the Riverfront; and is right next to the brand new Mayor Dennis W Archer Greenway.
For the last 7 years, the building was home of a owner occupied business. Recently the owners pivoted to leasing office space in the mansion. The images here show the building before it has become 80% leased out to a community of wonderful small businesses. The mansion enjoys a strong rent roll able to carry the building’s expenses and debt service. The Bagley Mansion is now home to 11 different businesses proudly serving Detroit. Owner is willing to property manage building for investor purchaser.
Detroit has trasformed in the last 8 years into a bustling revived city. Please see video for a view of Detroit in Winter 2022.
Updated on June 23, 2022 at 1:01 pm