Property profile

10474 Jefferson Ave River Rouge, MI 48218

OFF-MARKET
Commercial land
Property ID
US43-1383706
0.05 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 8,766 square foot mixed-use commercial property in River Rouge, Michigan, presents a unique investment opportunity. Originally a bank, later a doctor's office, this 1923 building boasts 34 rooms (23 downstairs, 11 upstairs), excluding the reception area, and eight restrooms. The spacious layout offers flexibility for various configurations. Intriguing historical features include preserved bank vaults. A sizable basement provides ample storage or expansion potential. The property's prime location across from the post office ensures high visibility. Two included parking lots offer convenience and additional income potential. Zoned for commercial use, this property is ideal for a variety of businesses seeking a historic building with significant space and character in a convenient location. The asking price is $200,000, with a price per square foot of $22.82. This is a rare chance to acquire a substantial property with significant upside in a desirable area of Wayne County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.05 ac (2,178 SF)
Zoning code B1 CEN
APN 50 008 06 0003 002
UPID US43-1383706

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
  • Physician
  • Medical Clinic
  • Medical Group
  • Ophthalmologist
  • Ophthalmologist

Location

10474 Jefferson Ave River Rouge, MI 48218-1338
River Rouge metro Census 579100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
Last sale
$205,000
3 recorded transactions
2020
Price N/A
2019
Price N/A
2004
Price N/A

Zoning & alternative use

B1 CEN · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10474 Jefferson Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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