4165 Jefferson AveEcorse, MI 48229
- Retail properties
- 2,425 SF
Property Details for 4165 Jefferson Ave
- Year built
- 1949
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 2,425 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 34-005-07-0001-001
- APU
- 34005070001001
Description
This exceptional commercial property, located at 4165 W Jefferson Avenue in Ecorse, Michigan, presents a unique investment opportunity. Priced at $299,000, the property encompasses a substantial 2,425 square feet of land. Currently vacant, the site previously housed a gas station, offering significant redevelopment potential. Its strategic corner location on Jefferson Avenue, east of Outer Drive, provides excellent visibility and accessibility. The property's size and location make it ideal for a variety of commercial uses, subject to local zoning regulations. The address is 4165 W Jefferson Avenue, Ecorse, MI 48229, situated in Wayne County. The property is classified as special purpose land and offers a blank canvas for entrepreneurs and investors seeking a prime location in a growing area. Detailed site plans and zoning information are readily available upon request. This is a rare chance to acquire a sizable commercial lot in a desirable location with significant upside potential. The property's geographic coordinates are latitude 42.2486292 and longitude -83.1416565. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $641,298
- 6.5%
- $591,968
- 7%
- $549,684
-
Comparable approach
- Method
- Valuation
- Relative Method
- $571,623
- Geo Method
- $571,623
-
Alternative Use
- Use
- Valuation
- Residential
- $499,347
- Hospitality
- $457,399
- Educational
- $380,551
- Medical
- $393,638
- Retail
- $591,968
Location Insight
- City
- Ecorse
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2487
- Longitude
- -83.1417
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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