Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3242 Jefferson Ave Detroit, MI 48207-4223

    • Turn key restaurants
    • 2,220 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4652594
    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

    • Bread Basket Deli Downtown Detroit / Sandwich Shop
    • 3242 E. Jefferson Ave. Detroit, MI 48207 / Caterer
    • Seaviche Tacos & Bowls / Mexican Restaurant / Fast Food Restaurant

    Property Details for 3242 Jefferson Ave

    Year built
    1959
    Lot size
    0.34 lot acres
    Property size
    2,220 SF
    Zone code
    SD4
    Property type
    Turn key restaurants
    APN
    13000125.001
    APU
    13000125001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0151
    Latitude
    42.341
    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
    2020
    $6,150
    $0.00
    $0.00
    $254,800
    -
    $0.00
    $0.00
    $509,600

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      3570 Mt Elliott St

      RESTAURANT • 1,344 SF
      3570 Mt Elliott St, Detroit, MI 48207-2409
      View Details
    • Value Estimation by Request
      3,129 SF

      1147 Grand Blvd

      RESTAURANT • 3,129 SF
      1147 Grand Blvd, Detroit, MI 48207-1930
      View Details
    • Value Estimation by Request
      5,603 SF

      3401 Riopelle St

      RESTAURANT • 5,603 SF
      3401 Riopelle St, Detroit, MI 48207-2020
      View Details
    • Value Estimation by Request
      52,199 SF

      575 Bellevue St

      RESTAURANT • 52,199 SF
      575 Bellevue St, Detroit, MI 48207-3732
      View Details
    • Value Estimation by Request
      752 SF

      3121 Gratiot Ave

      RESTAURANT • 752 SF
      3121 Gratiot Ave, Detroit, MI 48207-2335
      View Details
    • Value Estimation by Request
      14,260 SF

      1438 Franklin St

      RESTAURANT • 14,260 SF
      1438 Franklin St, Detroit, MI 48207-4004
      View Details

    Similar Nearby for Sale

    • $1,750,000
      4,807 SF

      Detroit Restaurant - Net Lease

      High-yield pancake house, strong tenant.
      2701 Jefferson Ave, Detroit, MI 48207
      View Details
    • $145,000
      4,950 SF

      Detroit Commercial Building For Sale

      Commercial building in Detroit, suitable for restaurant, office, or retail.
      2731 Mcdougall St, Detroit, MI 48207
      View Details
    • $3,425,000

      Eastern Market Mixed-Use Property

      Two-story mixed-use property in Detroit's Eastern Market.
      1468 Adelaide St, Detroit, MI 48207
      View Details
    • $350,000

      Eastern Market Retail Redevelopment Opportunity

      Retail or restaurant redevelopment opportunity in the heart of Eastern Market.
      1473 Winder St, Detroit, MI 48207
      View Details
    • $1,750,000
      4,807 SF

      Rivertown Detroit Retail/Restaurant Opportunity

      4,807 SF building in Detroit's Rivertown Warehouse District.
      2701 E Jefferson Ave, Detroit, MI 48207
      View Details
    • $600,000

      Gratiot Avenue Mixed-Use Building

      Two-story mixed-use building on Gratiot's commercial corridor.
      1494 Gratiot Ave, Detroit, MI 48207
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      6,875 SF

      Gratiot Ave Detroit Office Space

      Prime Detroit Office/Retail, 3,000 SF Available
      3323 Gratiot Ave, Detroit, MI 48207
      View Details
    • Contact for pricing
      2,900 SF

      Detroit Retail Space - Vernor Hwy

      High-visibility retail space available in Detroit.
      0 Sec Vernor Hwy & Dragoon St, Detroit, MI 48207
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Downtown Detroit

      3,000 SF retail space with high visibility and accessibility.
      1404 E Jefferson Ave, Detroit, MI 48207
      View Details
    • Contact for pricing
      19,430 SF

      Restored Mixed-Use Building in Eastern Market

      Renovated mixed-use building with retail, office, and live-work spaces.
      1400 Gratiot Ave, Detroit, MI 48207
      View Details
    • $20 SF/Yr
      2,275 SF

      Downtown Detroit Retail Space

      Prime Jefferson Ave location, fully renovated.
      1001 Jefferson Ave, Detroit, MI 48207
      View Details
    • $240 SF/Yr
      6,836 SF

      Gratiot Medical Office Space Available

      Prime Medical Office, 2300 SF, Freeway Access
      6455 Gratiot Ave, Detroit, MI 48207
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      2.5k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3242 Jefferson Ave
    Detroit, MI 48207-4223
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.