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4435 W Vernor Hwy 5,248 SF Retail Building Detroit, MI 48209 $550,000 ($104.80/SF)
Investment Highlights
- Building Size: 5,246 square feet, offering ample space for a variety of business uses.
- Additional Out-Building: Included with the sale is an out-building, perfect for storage or auxiliary business functions.
- Neighborhood: Mexicantown is one of Detroit’s most vibrant and growing communities, known for its lively atmosphere and Rich History.
- Lot Size: 84 feet of frontage and a 134-foot deep lot, ideal for parking, future expansion, or outdoor activities.
- Prime Location: Situated on Vernor Highway, this property benefits from high visibility and traffic in a bustling area known for its vibrant culture,
- This property is ideal for investors or business owners looking to establish themselves in a thriving neighborhood just minutes from downtown Detroit.
Executive Summary
Great opportunity to own a property with strong upside potential in a growing area. This property offers flexibility for an owner-occupant, investor, or buyer looking to take advantage of available improvement and redevelopment incentives. With the right vision, this could be transformed into a high-performing asset. Convenient location with access to nearby businesses, services, and major roads. Buyer to verify all allowable uses, grants, incentives, zoning, and renovation options with the proper municipality and agencies. Don’t miss this value-add opportunity.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront
Building Size
5,248 SF
Building Class
C
Year Built
1900
Price
$550,000
Price Per SF
$104.80
Tenancy
Single
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial
Frontage
83’ on Vernor Hwy
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Construction
- -
- -
- -
Gamble Plumbing & Heating is a fully licensed and insured plumbing contractor serving the Metro Detroit, MI Area since 1948. Our trusted master plumber specializes in a wide range of plumbing services including heating and cooling services. From boiler maintenance to new pipe installation to drain cleaning, you can depend on our professionals for fast, friendly service every time. Did your pipes burst in the middle of the night? We offer 24-hour emergency service available seven days a week. Call us at 313-554-0065 now!
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Construction | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-000344 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,900 |
Property Taxes
Parcel Number
14-000344
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,900
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4435 W Vernor Hwy
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