Property profile

4165 Jefferson Ave Ecorse, MI 48229

OFF-MARKET
Grocery and convenience stores
Property ID
US43-5247851
2,425 SF 0.24 ac lot Built 1949
Entity Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 4165 W Jefferson Avenue in Ecorse, Michigan, presents a unique investment opportunity. Priced at $299,000, the property encompasses a substantial 2,425 square feet of land. Currently vacant, the site previously housed a gas station, offering significant redevelopment potential. Its strategic corner location on Jefferson Avenue, east of Outer Drive, provides excellent visibility and accessibility. The property's size and location make it ideal for a variety of commercial uses, subject to local zoning regulations. The address is 4165 W Jefferson Avenue, Ecorse, MI 48229, situated in Wayne County. The property is classified as special purpose land and offers a blank canvas for entrepreneurs and investors seeking a prime location in a growing area. Detailed site plans and zoning information are readily available upon request. This is a rare chance to acquire a sizable commercial lot in a desirable location with significant upside potential. The property's geographic coordinates are latitude 42.2486292 and longitude -83.1416565. Serious inquiries are encouraged.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1949
Total area 2,425 SF
Lot 0.24 ac (10,454 SF)
APN 34-005-07-0001-001
UPID US43-5247851

Cap rate & NOI

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

Location

4165 Jefferson Ave Ecorse, MI 48229-1552
Ecorse metro Census 579800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$145k

Owner & transaction history

since 2009
5 recorded transactions
2009
Price N/A
2007
$180,000
2007
Price N/A
2006
Price N/A
2006
Price N/A

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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