Commercial $ 550,000

4435 W VERNOR

Detroit, MI 48209 2115

  • 5,246 SqFt
  • 0.26 Lot Size
  • - 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 Commercial/Industrial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 5, 246 sqft

    Price per Sqft $104

    Subdivision Mi

    MLS Listing ID 60347310

    Annual Tax Amount $1,688

    Lot Size 0.260 Acres

    Acres 0.26

    Lot Dimensions 84.00 x 134.00

    Property Sub-Type Commercial/Industrial

  • Location

    State MI

    County Wayne

    Area Detroit (82001)

    Zoning Commercial

  • Building

    Foundation Basement

    Water Public Water

    Structure Type Vinyl Siding,Wood

  • Others

    Ownership Private

    Assessment Amount $100

    Energy Description Natural Gas

    Financing Cash,Conventional,Exchange/Trade

CONTACT

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message