10549-10551 E Jefferson Ave
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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 | - | - |
Total Expenses | $99,999 | $9.99 |
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
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
Parcel Number | 21-000500 | Improvements Assessment | $0 (2023) |
Land Assessment | $0 (2023) | Total Assessment | $51,300 (2023) |
PROPERTY TAXES
Parcel Number
21-000500
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$51,300 (2023)
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10549-10551 E Jefferson Ave
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