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Property profile & analytics
OFF-MARKET
Turn key restaurants

10549 Jefferson Ave Detroit, MI 48214-3236

840 SF 0.2 ac lot Built 1964
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-1508401
Property summary
AI-generated overview

This turnkey restaurant opportunity in Detroit's vibrant East Village presents a rare chance to acquire a fully operational establishment. Located at 10549 E Jefferson Ave, this 960-square-foot, single-unit property sits on a highly visible corner lot (0.2 acres) and boasts a rich history. Originally built in 1964, the concrete block building underwent a meticulous renovation, preserving historic elements like the counter and cooler while incorporating modern updates. Improvements include a new roof (2020) and furnace (2019), updated tin ceiling and floor tiles, and a refreshed color palette. The outdoor area features new landscaping, raised beds, a wooden fence, and a gravel patio with picnic tables. All restaurant equipment and furniture are included in the sale price of $349,000. The property is a NNN lease. The location offers excellent visibility and proximity to key attractions including Belle Isle, the canals and marinas, Pewabic Pottery, and the Shepherd arts center. Nearby neighborhoods include Indian Village, Jefferson Chalmers, Islandview, East English Village, and Grosse Pointe Park, with easy access to downtown Detroit. A Class C liquor license is available for separate purchase. This is an exceptional opportunity for a restaurateur seeking a move-in ready establishment in a thriving Detroit neighborhood.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Total area 840 SF
Lot 0.2 ac (8,712 SF)
Zoning code B4
APN 21000500.
UPID US43-1508401
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
Current use
Occupant on record · Public records
  • H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Green Diner LLC · 7 yrs held
Green Diner LLC
since 2019
6 recorded transactions
2019
$160,000
2019
$74,115
2015
Price N/A
2013
Price N/A
2008
$31,935
2008
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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