581 Jefferson AveDetroit, MI 48226
- Turn key restaurants
- 1,526 SF
Property Details for 581 Jefferson Ave
- Year built
- 1965
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 1,526 SF
- Zone code
- PCA
- Property type
- Turn key restaurants
- APN
- 03000041.
- APU
- 3000041
Description
This exceptional 1,525-square-foot freestanding retail building is ideally situated on Jefferson Avenue in Detroit, Michigan, directly across from the renowned Renaissance Center. The property boasts a single-tenant occupancy, perfect for a fast food or casual dining establishment. The building is exceptionally well-maintained and includes existing kitchen infrastructure, such as a hood system and walk-in cooler, along with a clean restroom. Recent improvements include a new motorized metal roll-top storefront cover, enhancing both security and aesthetics. The property offers ample parking with 12 onsite spaces. Its prime location provides unparalleled access to a multitude of attractions and businesses, including Greektown, Comerica Park, Ford Field, Campus Martius Park, the Detroit Riverwalk, Blue Cross Blue Shield headquarters, and numerous other amenities. The high visibility location also allows for prominent monument signage opportunities. The property is zoned for retail and restaurant use, making it an excellent investment opportunity in a thriving urban environment. The address is 581 E Jefferson Ave, Detroit, MI 48226. Contact for lease rate information.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $403,555
- 6.5%
- $372,512
- 7%
- $345,904
-
Comparable approach
- Method
- Valuation
- Relative Method
- $359,710
- Geo Method
- $359,710
-
Alternative Use
- Use
- Valuation
- Residential
- $314,228
- Hospitality
- $287,831
- Educational
- $239,472
- Medical
- $247,708
- Retail
- $372,512
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.3317
- Longitude
- -83.0386
- 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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- Please email our support team at [email protected] and they will add the team member.
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