Property profile

4939 Allen Rd Allen Park, MI 48101

OFF-MARKET
Turn key restaurants
Property ID
US43-0408117
5,229 SF 0.43 ac lot Built 1951
Individually Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Restaurant

Location

4939 Allen Rd Allen Park, MI 48101-2915
Allen Park metro Census 576100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2021
Last sale
$375,000
7 recorded transactions
2021
$440,000
2017
Price N/A
2013
$160,000
2012
$221,527
2005
$375,000
2005
Price N/A
2005
$275,000

Zoning & alternative use

C 4 · Allen Park, MI
General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4939 Allen Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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