10617 Jefferson AveRiver Rouge, MI 48218

Property Details for 10617 Jefferson Ave

Year built

1930

Lot size

0.09 AC

Property size (Sq ft)

1,716 SF

Zone code

B1 CEN

Property type

Turn key restaurants

APN

50 008 09 0016 002

APU

50008090016002

Description

This exceptional 1,710 square foot restaurant building is available for sale at 10617 W Jefferson Ave, River Rouge, MI 48218. Located in Wayne County, this single-tenant property presents a fantastic investment opportunity. The building is zoned B1 CEB, offering flexibility for various commercial uses. The property's prime location ensures high visibility and accessibility, attracting a steady stream of customers. The existing restaurant setup provides a turnkey operation, minimizing initial setup costs and allowing for immediate revenue generation. The property features a total of 1,710 square feet of well-maintained space, ideal for a thriving culinary business. The property's parcel number is 50-008-09-0016-002. This is a rare chance to acquire a well-established restaurant in a desirable location with significant growth potential. The building's condition and layout are conducive to a seamless transition for a new owner. Serious inquiries are encouraged to explore this lucrative investment prospect further. The property is ready for immediate occupancy, offering a swift return on investment. Don't miss this opportunity to own a thriving business in a high-traffic area. The property's strategic location and existing infrastructure make it an attractive proposition for both seasoned restaurateurs and new entrepreneurs.

• CAP approach

  CAP return

  Valuation

  6%

  $381,316

  6.5%

  $351,984

  7%

  $326,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $166,935

  Geo Method

  $166,935

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $717,632

  Mixed-Use / Specialty

  $338,109

  Hospitality / Lodging

  $231,630

  Office

  $322,956

  Institutional / Educational

  $346,987

  Residential Income

  $405,975

  Multifamily

  $556,866

  Automotive / Energy

  $297,418

  Parking / Income-Based Land

  $115,103

  Restaurant / Food Service

  $148,920

  Healthcare / Senior Housing

  $359,666

Location Insight

City

River Rouge

County

Wayne

State

Michigan

Latitude

42.2725

Longitude

-83.1342

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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