Property profile

10617 Jefferson Ave River Rouge, MI 48218

OFF-MARKET
Turn key restaurants
Property ID
US43-5175539
1,716 SF 0.09 ac lot Built 1930
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,710 square foot restaurant building is available for sale at 10617 W Jefferson Ave, River Rouge, MI 48218. Located in Wayne County, this single-tenant property presents a fantastic investment opportunity. The building is zoned B1 CEB, offering flexibility for various commercial uses. The property's prime location ensures high visibility and accessibility, attracting a steady stream of customers. The existing restaurant setup provides a turnkey operation, minimizing initial setup costs and allowing for immediate revenue generation. The property features a total of 1,710 square feet of well-maintained space, ideal for a thriving culinary business. The property's parcel number is 50-008-09-0016-002. This is a rare chance to acquire a well-established restaurant in a desirable location with significant growth potential. The building's condition and layout are conducive to a seamless transition for a new owner. Serious inquiries are encouraged to explore this lucrative investment prospect further. The property is ready for immediate occupancy, offering a swift return on investment. Don't miss this opportunity to own a thriving business in a high-traffic area. The property's strategic location and existing infrastructure make it an attractive proposition for both seasoned restaurateurs and new entrepreneurs.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 1,716 SF
Lot 0.09 ac (3,920 SF)
Zoning code B1 CEN
APN 50 008 09 0016 002
UPID US43-5175539

Cap rate & NOI

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

Location

10617 Jefferson Ave River Rouge, MI 48218-1229
River Rouge metro Census 579200 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
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2021
Last sale
$250,000
7 recorded transactions
2021
Price N/A
2005
Price N/A
2004
$250,000
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
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
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