Property profile

10248 Jefferson Ave River Rouge, MI 48218

OFF-MARKET
Medical Office Space
Property ID
US43-1297798
3,157 SF 0.38 ac lot Built 1964
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,157 square foot executive office building, situated on a 0.38-acre lot at 10248 W Jefferson Ave in River Rouge, Michigan (48218), presents a rare opportunity. Built in 1964 and meticulously updated, this single-story structure boasts a desirable location just minutes from downtown Detroit. The property is zoned for commercial use and features ample parking, making it highly convenient for employees and clients. The interior is completely modernized and ready for immediate occupancy. Key features include three bathrooms, a mini-kitchen, multiple private offices, and shared meeting spaces, providing a functional and comfortable workspace. The asking price is $350,000, translating to $111 per square foot. This turnkey property is ideal for a variety of businesses seeking a well-maintained, updated space in a prime commercial area. The property's APN is 50007110003001. Its strategic location on Jefferson Avenue offers excellent visibility and accessibility, making it an attractive investment for discerning buyers. The building's modern amenities and convenient features combine to create a highly desirable commercial property. Don't miss this chance to acquire a truly exceptional turnkey office building in a high-demand location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1964
Total area 3,157 SF
Lot 0.38 ac (16,553 SF)
Zoning code B2 GEN
APN 50 007 11 0003 001
UPID US43-1297798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Corporate Office

Location

10248 Jefferson Ave River Rouge, MI 48218-1321
River Rouge metro Census 579100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2021
Last sale
$73,000
1 recorded transaction
2021
$170,000

Zoning & alternative use

B2 GEN · River Rouge, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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