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10549-10551 E Jefferson Ave

960 SF Retail Building Detroit, MI 48214 $349,000 ($364/SF)

Executive Summary

Rare and incredible turnkey opportunity to buy one of Detroit’s most beloved corner buildings in the East Side. Dating back to 1964, the fully updated, turnkey concrete block building (formerly the home of Rose's Fine Food and Wine) is situated on a highly visible corner in East Village, where the owners meticulously renovated nearly every square inch except for the historic counter and stainless counter cooler (which was refurbished). The space was brought to life with thoughtful, creative details and updates, including a new roof (2020) and furnace (2019), tin ceiling, floor tiles and an iconic color palette. The newly landscaped outdoor area received equal attention, from raised beds and beautiful landscaping to a new wooden fence surrounding a gravel dining patio with picnic tables and bright pink umbrellas. All business assets and real estate included in the sale: Property, restaurant equipment, and furniture. The prime location is close to Belle Isle, the canals and marinas, Pewabic Pottery, and the Shepherd, a new public arts center opening this spring, as well as Indian Village, Jefferson Chalmers, Islandview, East English Village, Grosse Pointe Park and a straight shot downtown. Class C liquor available and can be purchased separately.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
960 SF
Building Class
C
Year Built
1964
Price
$349,000
Price Per SF
$364
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.20 AC
Zoning
Commercial
Frontage
22 FT on E Jefferson Ave
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-000500
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$51,300 (2023)
  • Listing ID: 33453786

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 10549-10551 E Jefferson Ave, Detroit, MI 48214

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