11030 Jefferson AveRiver Rouge, MI 48218

Property Details for 11030 Jefferson Ave

Year built

1940

Lot size

0.03 AC

Property size (Sq ft)

5,286 SF

Zone code

B2 GEN

Property type

Grocery and convenience stores

APN

50 004 02 0001 001

APU

50004020001001

Description

This exceptional business opportunity in River Rouge, Michigan, presents a fully equipped and operational oil change, tire shop, and minor mechanical repair facility. The 2,500 square foot facility is a turnkey operation, ready for immediate use, catering to a broad customer base seeking routine maintenance and repairs. Services include oil changes, fluid checks, tire installations, rotations, and repairs, along with minor mechanical services. Skilled technicians are currently on-site. A significant advantage is the inclusion of a vacant lot, offering considerable potential for expansion or customization to suit the new owner's vision. This could involve expanding existing services, adding new offerings, or creating additional facilities. The property is located at 11030 W Jefferson Avenue, River Rouge, MI 48218, and is currently generating $1500 in monthly rent. The asking price for this complete package is $170,000. This represents a unique chance to acquire an established business with immediate income potential and significant growth opportunities. The property is in Wayne County and sits on a sizable lot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,174,610

  6.5%

  $1,084,260

  7%

  $1,006,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,231

  Geo Method

  $514,231

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,210,610

  Mixed-Use / Specialty

  $1,041,520

  Hospitality / Lodging

  $713,516

  Office

  $994,841

  Institutional / Educational

  $1,068,870

  Residential Income

  $1,250,570

  Multifamily

  $1,715,380

  Automotive / Energy

  $916,171

  Parking / Income-Based Land

  $354,566

  Restaurant / Food Service

  $458,737

  Healthcare / Senior Housing

  $1,107,920

Location Insight

City

River Rouge

County

Wayne

State

Michigan

Latitude

42.267

Longitude

-83.1365

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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