10549 E Jefferson Avenue Detroit, MI $ 485,000
10549 E Jefferson Avenue
$ 485,000
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10549 E Jefferson Avenue

Detroit, MI, 48214
$ 485,000
Baths0.0 Sq 960

Monthly Estimate*

$ 3,388

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Studio

Commercial Property for sale in Detroit, MI

for $485,000. This 960 square foot building was built in 1964 on a lot size of 0.2.

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, liquor license, 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. Property tours will be Thursday, Oct 12th at Noon.

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Commercial Active

Price

$ 485,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,639

Style

Lot Size

0.2

Year Built

1964

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230083555

Features
General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Possession At Close
Zoning Commercial
Year Built 1964
Property Type Commercial
Subdivision Name HENDRIES (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 204
MLS Area Det: Mcclellan East/Mack To Shor
Directions G o o g l e
City Detroit
Terms Offered Cash Conventional
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name Jefferson
Total Sq Ft 960
DOM 204
Taxes 3639.0000
Legal Description N JEFFERSON E E 3.70 FT 3 4&5 HENDRIES SUB L25 P38 PLATS W C R 21/528 69.96 X 125
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Exterior
Waterfront 0
Lot Size Area 0.20
Water Source Public (Municipal)
Lot Size Dimensions 70 x 125
Architecture Level 1 Story
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Interior
Street Suffix Avenue
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$3,691
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,388
Monthly Property Taxes
$303
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2023$485,000 -2.02% Price Down
11/3/2023$495,000 -10.00% Price Down
10/2/2023$550,000 Listed Price

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10549 E Jefferson Avenue, Detroit, MI, 48214 is a Commercial Property for sale at $485,000 with 960 sqft and a lot size of 0.2. 10549 E Jefferson Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 48214 which is in Detroit, MI