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$299,900
Est. payment /mo
3,084 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $97
Subdivision Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road
MLS Listing ID 20261063646
Year Built 1923
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type RealEstateOnly
Property Description
Phenomenal mixed-use investment opportunity located at 7244–7246 W. Vernor Hwy in Southwest Detroit. Ideal for an investor, developer, or owner-operator looking to establish a business while creating additional potential income streams. Property features two ground-floor commercial storefront spaces plus upper-level space with the potential to develop two residential apartments, subject to applicable zoning and municipal approvals.
One storefront is currently occupied by a long-term salon tenant on a month-to-month basis, providing existing rental income. Excellent W. Vernor frontage offers high traffic exposure, strong street visibility, convenient community access, and gated exterior parking.
Property is in need of renovation and is being sold as-is, creating an excellent value-add opportunity for a buyer looking to renovate, reposition, and maximize the property's income-producing potential. With two commercial storefronts, potential upper-level residential units, existing rental income, and an owner-user option, this property offers numerous possibilities.
Offered at $299,900. Buyer and buyer's agent to verify all information, measurements, zoning, permitted uses, and feasibility of potential residential development. Please do not disturb existing tenant.
One storefront is currently occupied by a long-term salon tenant on a month-to-month basis, providing existing rental income. Excellent W. Vernor frontage offers high traffic exposure, strong street visibility, convenient community access, and gated exterior parking.
Property is in need of renovation and is being sold as-is, creating an excellent value-add opportunity for a buyer looking to renovate, reposition, and maximize the property's income-producing potential. With two commercial storefronts, potential upper-level residential units, existing rental income, and an owner-user option, this property offers numerous possibilities.
Offered at $299,900. Buyer and buyer's agent to verify all information, measurements, zoning, permitted uses, and feasibility of potential residential development. Please do not disturb existing tenant.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Tina Alfaro of Emmanuel Realty LLC
NEARBY SCHOOLS & PROPERTIES
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