11287 Jefferson AveRiver Rouge, MI 48218

Property Details for 11287 Jefferson Ave

Year built

1936

Lot size

0.08 AC

Property size (Sq ft)

3,640 SF

Zone code

B2 GEN

Property type

Grocery and convenience stores

APN

50 004 21 0025 301

APU

50004210025301

Description

This exceptional 3,640-square-foot storefront property, located at 11287 W. Jefferson Ave in River Rouge, Michigan, presents a compelling investment opportunity. Built in 1936, this single-story building sits on a 0.08-acre lot and is zoned B2, offering versatile usage potential. The property boasts a 12' clear height, ideal for various retail or warehousing applications. A significant feature is the convenient dock/overhead door situated on the northeast side of the building, facilitating efficient loading and unloading. The asking price is $295,000, translating to $81.04 per square foot. This well-maintained structure offers a blend of retail and industrial functionality, making it suitable for a wide range of businesses. Its strategic location in Wayne County, Michigan, provides excellent access to major transportation routes and a thriving local market. The property's solid construction and functional layout make it an attractive option for both established businesses seeking expansion and entrepreneurs looking for a prime location to launch their ventures. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area at a competitive price. The property's zoning and features make it a versatile space ready for immediate occupancy. Don't miss this chance to own a piece of River Rouge's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $962,608

  6.5%

  $888,562

  7%

  $825,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,024

  Geo Method

  $858,024

• Alternative Use

  Use

  Valuation

  Residential

  $749,535

  Hospitality

  $686,570

  Educational

  $571,218

  Medical

  $590,863

  Retail

  $888,562

Location Insight

City

River Rouge

County

Wayne

State

Michigan

Latitude

42.2638

Longitude

-83.1367

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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