3764 W JEFFERSON Avenue $450,000

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    3764 W JEFFERSON Avenue Ecorse, MI 48229

    • 4,534 sq. ft.
    • 0.48 Acres
    • Commercial
    • MLS# 60344776
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    Views: 6 Days On Site: 61

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    Property Details

    Hurry Back Bar in Ecorse, Michigan: A Community Gem For generations, The Hurry Back has been the heart and soul of this community. Owned by the same family for over 60 years, this iconic bar comes with the feeling of a neighborhood bar like Cheers and originality , but offers some modern updates like a new boiler, tankless water heater, and a heater for the bar (roof approximately 10 years old). The property features a circuit breaker electric panel and four apartments with newer vinyl windows. Apartment sizes include 3 two-bedroom, one-bath units, and 1 one-bedroom, one-bath unit (shared gas/shared electric - utilities included in rent) all units are currently rented below market rate, so New owners could easily increase rent therefore increase ROI. All Apartments were recently rental certified. Building offers a full basement with 12ft ceilings for storage! In total all 3 lots included in this sale measure to be almost half an acre with over 200ft of frontage on W Jefferson Ave- This offers endless possibilities for expansion! Property is being sold with its liquor license, furniture, and fixtures. Don't miss your chance to own a piece of Downriver history!

    • General Features
      • Acreage 0.48
      • Area Municipality Ecorse (82145)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision B & F SUB
      • Total SqFt Finished 4534
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial,Multi-Family
    • Building Features
      • Exterior Construction Brick, Vinyl Siding
      • Foundation Type Basement
      • Heating System Radiant, Space Heater, Steam
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 213 x 100.00
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48229 (Ecorse) Demographics

    39 Median Age
    3,351 Population Density (per sq. mile)
    17% College Educated
    $34,278 Estimated Median Income
    2,431 Estimated Total Home Owners
    1,331 Estimated Total Renters
    65% / 35% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    9,456 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $76,900 Median Sales Price
    4 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $450,000
        10/4/2024 2:08:00 PM New in Database Source: Multiple Listing Service New Value: $450,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.