Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    235 Burke St River Rouge, MI 48218

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $525,000

    Historical building with fenced parking lot in a dense area.

    Lot size:
    0.38 Acres

    Property Features for 235 Burke St

    General Information

    Lot size
    0.38 Acres

    We can help!

    Listing Contact
    Corbin Yaldoo
    Source: Moodyscre

    Listing Agent: Corbin Yaldoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Freestanding Building in River Rouge

    This historical freestanding building, constructed in 1965, is available for sale just off Jefferson Avenue, benefiting from an average daily traffic count of 4,562+ vehicles. Located in the heart of River Rouge, the property includes a fenced parking lot. There is an opportunity to purchase the adjacent land for additional parking. The surrounding area features a dense residential population and several national tenants. Zoned NMU (Neighborhood Mixed Use) and situated in a Green Overlay District, possible uses include cannabis, retail, office, and multi-family. This property presents a great opportunity for cannabis processing/cultivation, neighborhood service retailers, medical/office users, and multi-family developers.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    River Rouge
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1337683
    Latitude
    42.2716496

    Nearby Similar for Sale

    • $435,000
      0.08 Acres

      River Rouge Multifamily Investment Property

      Four-unit building with steady rental income and long-term tenants.
      136 Batavia St, River Rouge, MI 48218
      View Details
    • $259,900
      2,568 SF

      Fully Occupied Quadra Plex

      Investment opportunity: four units, strong rental history, consistent cashflow.
      426 Genessee St, River Rouge, MI 48218
      View Details
    • $119,000
      2,895 SF

      Former Restaurant Ready for Redevelopment

      Corner lot in River Rouge's Mixed-Use District.
      324 Visger Rd, River Rouge, MI
      View Details
    • $999,999
      5,000 SF

      Turnkey Retail Opportunity in River Rouge

      Turnkey retail property with license in a high-traffic location.
      286 Burke St, River Rouge, MI 48218
      View Details
    • $149,900

      River Rouge Duplex Near Park

      Duplex near Memorial Park, ideal for investors or house-hackers.
      12 Perrin St, River Rouge, MI 48218
      View Details
    • $325,000

      Versatile Commercial Property in River Rouge

      8,766 SF commercial property with 34 rooms available for sale.
      10474 W Jefferson Ave, River Rouge, MI
      View Details
    • $2,000,000
      33,671 SF

      Crane Building in River Rouge

      33,671 SF crane building with cultivation licenses.
      195 Campbell St, River Rouge, MI 48218
      View Details
    • $295,000
      3,640 SF

      Retail/Warehousing Building For Sale

      Retail and warehousing building featuring a dock and overhead door.
      11287 W Jefferson Ave, River Rouge, MI
      View Details
    • $89,995

      Frazier St, River Rouge Property

      Property located at 206 Frazier St, River Rouge, MI
      206 Frazier St, River Rouge, MI 48218
      View Details
    • $525,000
      8,410 SF

      River Rouge Retail Opportunity

      8,410 SF Vacant Storefront, $525,000
      235 Burke St, River Rouge, MI 48218
      View Details
    • $2,000,000
      33,671 SF

      River Rouge Industrial Building For Sale

      33,671 SF Warehouse, Excellent Location
      195 Campbell St, River Rouge, MI 48218
      View Details
    • $295,000
      3,640 SF

      River Rouge Storefront - $295,000

      Prime Retail/Warehouse Opportunity in River Rouge
      11287 Jefferson Ave, River Rouge, MI 48218
      View Details

    FAQs

    What type of property is this?
    Retail space - Historical building with fenced parking lot in a dense area.
    Where is this retail space located?
    The property is located at 235 Burke St River Rouge, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High-traffic location (4,562+ vehicles per day) just off Jefferson Avenue.; - NMU zoning allows for diverse uses: cannabis, retail, office, multi-family.; - Opportunity to purchase adjacent land for additional parking.
    (248) 220-1110
    Request Owner's contact information
    235 Burke St River Rouge, MI 48218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    235 Burke St
    River Rouge, MI 48218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    235 Burke St River Rouge, MI 48218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Corbin Yaldoo
    (248) 220-1110
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.