Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial land

    10474 Jefferson Ave, River Rouge, MI 48218-1338

    0.05 ac lot
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1383706
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Aggarwal River Rouge LLC · 6 yrs held
    Aggarwal River Rouge LLC
    since 2020
    Last sale
    $205,000
    3 recorded transactions
    2020
    2019
    2004
    Zoning & alternative use
    B1 CEN · River Rouge, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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.
    List this address →
    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