10248 Jefferson AveRiver Rouge, MI 48218

Property Details for 10248 Jefferson Ave

Year built

1964

Lot size

0.38 AC

Property size (Sq ft)

3,157 SF

Zone code

B2 GEN

Property type

Medical offices

Property subtype

Medical centers

APN

50 007 11 0003 001

APU

50007110003001

Description

This exceptional 3,157 square foot executive office building, situated on a 0.38-acre lot at 10248 W Jefferson Ave in River Rouge, Michigan (48218), presents a rare opportunity. Built in 1964 and meticulously updated, this single-story structure boasts a desirable location just minutes from downtown Detroit. The property is zoned for commercial use and features ample parking, making it highly convenient for employees and clients. The interior is completely modernized and ready for immediate occupancy. Key features include three bathrooms, a mini-kitchen, multiple private offices, and shared meeting spaces, providing a functional and comfortable workspace. The asking price is $350,000, translating to $111 per square foot. This turnkey property is ideal for a variety of businesses seeking a well-maintained, updated space in a prime commercial area. The property's APN is 50007110003001. Its strategic location on Jefferson Avenue offers excellent visibility and accessibility, making it an attractive investment for discerning buyers. The building's modern amenities and convenient features combine to create a highly desirable commercial property. Don't miss this chance to acquire a truly exceptional turnkey office building in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $567,944

  6.5%

  $524,256

  7%

  $486,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,306

  Geo Method

  $295,306

• Alternative Use

  Use

  Valuation

  Residential Income

  $650,078

  Hospitality / Lodging

  $595,468

  Institutional / Educational

  $495,422

  Healthcare / Senior Housing

  $512,460

  Retail / Commercial

  $770,656

Location Insight

City

River Rouge

County

Wayne

State

Michigan

Latitude

42.2775

Longitude

-83.1318

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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