4435 W VERNOR, Detroit, MI 48209 2115
4435 W VERNOR, Detroit, MI 48209 2115
4435 W VERNOR, Detroit, MI 48209 2115
4435 W VERNOR, Detroit, MI 48209 2115
4435 W VERNOR, Detroit, MI 48209 2115
4435 W VERNOR, Detroit, MI 48209 2115
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 550,000
Est. payment | /mo

5,246 SqFt

Save
$ 550,000
Est. payment | /mo
Save

5,246 SqFt

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Realty Executives Home Towne

Nearby Locations

Place Perfect Realty

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI 54143-1713, USA

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4435 W VERNOR