9
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$550,000
Est. payment /mo
5,246 SqFt
Active
4435 W VERNOR Detroit, MI 48209 2115
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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
Property Description
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
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
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Listed by Realty Executives Home Towne
Nearby Locations
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