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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

3430 Jefferson Ave Ecorse, MI 48229-1824

1,496 SF 0.08 ac lot Built 1934
Trust Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0027901
Property summary
AI-generated overview

This exceptional owner-user opportunity presents a well-maintained laundromat in Ecorse, Michigan. Located at 3430 W Jefferson Ave, this 1,496 square foot storefront sits on a 0.08-acre lot and boasts a highly visible corner location. Built in 1934, the single-story building features a secure folded gate, enhancing safety and security. The asking price is $130,000, which includes all existing equipment. A sale without equipment is also possible at $150,000, with possession available 14 days post-closing. This property presents a unique investment opportunity, ideal for an owner-operator seeking an established business. The property is currently vacant and ready for immediate occupancy. The price per square foot is $86.90. A land contract with a 50% down payment is considered. The property is located in Wayne County, Michigan, zip code 48229. This is a single-unit, single-building property. Serious inquiries only. No lockbox access is available

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1934
Total area 1,496 SF
Lot 0.08 ac (3,485 SF)
APN 34-004-99-0005-000
UPID US43-0027901
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
by Request
Owner & transaction history
Rojam Trust · 15 yrs held
Rojam Trust
since 2011
5 recorded transactions
2011
Price N/A
2010
$2,500
2006
$30,000
2004
$25,645
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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