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    OFF-MARKET
    Turn key restaurants

    4939 Allen Rd, Allen Park, MI 48101-2915

    5,229 SF 0.43 ac lot Built 1951
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-0408117
    Property summary
    AI-generated overview

    This exceptional 5,229 square foot commercial land parcel, located at 4939 Allen Road in Allen Park, Michigan, presents a unique investment opportunity. Situated in Wayne County, with convenient access via Allen Road and a zip code of 48101, this property boasts a prime location. The land is classified as Special Purpose and is currently being offered at an asking price of $750,000. The property features a recently updated exterior, showcasing a modern and vibrant stucco finish complemented by attractive stonework. Significant recent improvements include a new roof and a new air conditioning system, minimizing immediate capital expenditure needs for the new owner. This turnkey property is ready for immediate development, offering a blank canvas for a wide range of commercial ventures. The property's size and location make it ideal for various uses, providing significant potential for future growth and return on investment. The coordinates for this property are latitude 42.2661682 and longitude -83.1997079. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime Allen Park location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1951
    Total area 5,229 SF
    Lot 0.43 ac (18,731 SF)
    Zoning code C 4
    APN 30 009 06 0377 001
    UPID US43-0408117
    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
    Current use
    Occupant on record · Public records
    • El Jalapeño Mexican Restaurant & Taqueria Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jose E Ceron Uresti · 5 yrs held
    Jose E Ceron Uresti
    since 2021
    Last sale
    $375,000
    7 recorded transactions
    2021
    $440,000
    2017
    2013
    $160,000
    2012
    $221,527
    2005
    $375,000
    2005
    2005
    $275,000
    Zoning & alternative use
    C 4 · Allen Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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