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About the Listing 100559 - RC312815
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3084
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30.03X140
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,147
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
7244 W Vernor Detroit, MI 48209
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