10549 Jefferson Ave Detroit, MI 48214-3236
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.
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H&R Block Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
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