Commercial $ 550,000

4435 W VERNOR

Detroit, MI 48209

  • 5,246 SqFt
  • 0.26 Lot Size
  • 1915 Year Built
Prime Mixed-Use Redevelopment Opportunity in the Heart of Mexicantown

Discover an exceptional investment opportunity in one of Detroit's most vibrant and culturally rich neighborhoods—Mexicantown. Located on highly traveled Vernor Highway just minutes from downtown Detroit, this mixed-use property offers tremendous upside for investors, developers, or owner-occupants seeking a value-add asset in a rapidly growing corridor.

Property Features
Building Size: 5,246 square feet
Lot Size: 84' frontage × 134' depth
Flexible Mixed-Use Layout: Ideal opportunity to redevelop into street-level commercial space with two residential apartments above, creating multiple income streams.
Additional Parking Lot: The adjacent lot provides ample space for customer and tenant parking, outdoor seating, or future site improvements—an increasingly valuable amenity in this busy commercial district.
Additional Out-Building: Included with the sale, offering storage, workshop space, or additional business use.
Prime Location: Outstanding visibility on Vernor Highway with excellent traffic counts and surrounded by popular restaurants, retail, and neighborhood attractions.
Investment Potential

Whether you're looking to establish a flagship business, develop a mixed-use income property, or reposition an existing building, this property offers outstanding flexibility. The configuration lends itself perfectly to a commercial storefront on the first floor with two upscale apartments on the second level, providing strong long-term rental income while benefiting from Detroit's continued neighborhood revitalization.

The additional lot offers a significant competitive advantage by providing dedicated parking for both residential tenants and commercial customers, while also allowing for future expansion or outdoor amenities.

Development & Incentive Opportunities

This property presents an excellent opportunity to capitalize on Detroit's ongoing redevelopment efforts. Buyers may qualify for various local, state, and federal redevelopment prog
Listed by Realty Executives Home Towne

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type RealEstateOnly

    Listing Status Active

    Purchase Type For Sale

    Square Footage 5, 246 sqft

    Price per Sqft $104

    Subdivision M W Fields Sub Of Lots 25 Thru 33 (Plats)

    MLS Listing ID 20240077939

    Year Built 1915

    Lot Size 0.260 Acres

    Acres 0.26

    Property Sub-Type RealEstateOnly

  • Location

    State MI

    County Wayne

    Area Area05101Detsouthofgrandriver

  • Building

    Foundation Basement, Block

    Sewer Public Sewer

    Water Public

    New Construction No

  • Interior

    Heating Natural Gas

    Fireplace No

  • Exterior

    Garage Spaces 6.0

    View Y/N No

    Garage false

  • Schools

    School District Detroit

  • Others

    Senior Community false

    Acceptable Financing Cash, Conventional, Trade1031Exchange

    Listing Terms Cash, Conventional, Trade1031Exchange

    Special Listing Condition ShortSaleNo, Standard

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