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Property profile & analytics

10617 Jefferson Ave River Rouge, MI 48218-1229

  • Turn key restaurants
  • 1,716 SF
  • 0.09 lot acres
OFF-MARKET
Value Estimation
$245,000
Last Sale
Apr 08, 2021
$250,000
Location Intelligence
Property ID
US43-5175539
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,054
$0.00
$0.00
$19,700
-
$0.00
$0.00
$39,400
More about this property
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