10617 Jefferson Ave River Rouge, MI 48218-1229
- Turn key restaurants
- 1,716 SF
- 0.09 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 10617 Jefferson Ave
- Year built
- 1930
- Lot size
- 0.09 lot acres
- Property size
- 1,716 SF
- Zone code
- B1 CEN
- Property type
- Turn key restaurants
- APN
- 50 008 09 0016 002
- APU
- 50008090016002
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $240,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $250,000
- Mixed-Use
- $180,000
- Hospitality
- $220,000
- Educational
- $205,000
- Residential Income
- $230,000
- Energy
- $240,000
- Income-Based Land
- $220,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- River Rouge
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1342
- Latitude
- 42.2725
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA