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    4939 Allen Rd Allen Park, MI 48101

    • Turn key restaurants
    • 5,229 SF
    • 0.43 lot acres
    For Sale
    View listing
    $750,000
    Value Estimation
    Last Sale
    Apr 16, 2021
    $375,000
    Location Intelligence
    Property ID
    US43-0408117
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Jalapeño Mexican Restaurant & Taqueria / Tex-Mex Restaurant / Mexican Restaurant

    Property Details for 4939 Allen Rd

    Year built
    1951
    Lot size
    0.43 lot acres
    Property size
    5,229 SF
    Zone code
    C 4
    Property type
    Turn key restaurants
    APN
    30 009 06 0377 001
    APU
    30009060377001

    Description

    This exceptional 5,229 square foot commercial land parcel, located at 4939 Allen Road in Allen Park, Michigan, presents a unique investment opportunity. Situated in Wayne County, with convenient access via Allen Road and a zip code of 48101, this property boasts a prime location. The land is classified as Special Purpose and is currently being offered at an asking price of $750,000. The property features a recently updated exterior, showcasing a modern and vibrant stucco finish complemented by attractive stonework. Significant recent improvements include a new roof and a new air conditioning system, minimizing immediate capital expenditure needs for the new owner. This turnkey property is ready for immediate development, offering a blank canvas for a wide range of commercial ventures. The property's size and location make it ideal for various uses, providing significant potential for future growth and return on investment. The coordinates for this property are latitude 42.2661682 and longitude -83.1997079. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime Allen Park location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $360,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $265,000
      Mixed-Use
      $290,000
      Hospitality
      $285,000
      Educational
      $275,000
      Residential Income
      $335,000
      Energy
      $305,000
      Income-Based Land
      $315,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1994
    Latitude
    42.2666
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,090
    $0.00
    $0.00
    $230,100
    -
    $0.00
    $0.00
    $460,200

    Comparable in this City

    • Value Estimation by Request
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      15170 Southfield Rd

      RESTAURANT • 2,933 SF
      15170 Southfield Rd, Allen Park, MI 48101-2645
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    • Value Estimation by Request
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      7607 Allen Rd

      RESTAURANT • 2,400 SF
      7607 Allen Rd, Allen Park, MI 48101-1925
      View Details
    • Value Estimation by Request
      8,333 SF

      17099 Champaign Rd

      RESTAURANT • 8,333 SF
      17099 Champaign Rd, Allen Park, MI 48101-1748
      View Details
    • Value Estimation
      $215,000
      3,196 SF

      4327 Allen Rd

      RESTAURANT • 3,196 SF
      4327 Allen Rd, Allen Park, MI 48101-2761
      View Details
    • Value Estimation
      $640,000
      3,204 SF

      17445 Hamilton Ave

      RESTAURANT • 3,204 SF
      17445 Hamilton Ave, Allen Park, MI 48101-3125
      View Details

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    4939 Allen Rd
    Allen Park, MI 48101
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    Realmo Value Estimation

    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.

    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.

    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
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