4435 W VERNOR, Detroit, MI 48209
4435 W VERNOR, Detroit, MI 48209
4435 W VERNOR, Detroit, MI 48209
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$550,000
Est. payment /mo
5,246 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,246 sqft

Price per Sqft $104

MLS Listing ID 20240077939

Year Built 1915

Annual Tax Amount $1,688

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 84.00 x 134.00

Source Realcomp

Property Description

Prime Mixed-Use Redevelopment Opportunity in the Heart of MexicantownDiscover 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 FeaturesBuilding Size: 5,246 square feetLot Size: 84' frontage × 134' depthFlexible 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 PotentialWhether 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 OpportunitiesThis 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

Zoning Commercial

Direction Vernor Hwy past Clark Park between Clark and Mckinstry

Rooms

Basement Basement

Exterior

View Y/N No

Building

Foundation Block

Water Public

Structure Type Vinyl Siding,Wood Siding

Schools

School District Detroit

Others

Tax ID W14I000343S

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Listed by Realty Executives Home Towne

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

Name

Name

Phone*

Phone

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