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Giovanna's Lounge 3537 W Vernor Hwy 2,352 SF Retail Building Detroit, MI 48216 $600,000 ($255.10/SF)
EXECUTIVE SUMMARY
Giovanna’s Lounge is a fully operational bar located on West Vernor Highway in Detroit’s Mexicantown neighborhood. The offering includes the real estate, a Class C liquor license, and all existing furniture, fixtures, and equipment. The building comprises a ground-floor bar with interior seating, pool table, and jukebox, as well as one of the largest outdoor patios in the area. Onsite surface parking is available for patrons. The second floor includes a two-bedroom residential unit, suitable for owner-occupancy or as an additional source of rental income. This property presents an opportunity for owner-operators or investors seeking a well-located, income-producing asset in one of Detroit’s most active commercial corridors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,352 SF
Building Class
C
Year Built
1922
Price
$600,000
Price Per SF
$255.10
Tenancy
Single
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
B4
Parking
12 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Giovanna's Lounge
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Giovanna's Lounge | Retailer | - | - | - |
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
1 of 12
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Giovanna's Lounge | 3537 W Vernor Hwy
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