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Jenn Smart

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7244 W Vernor , Detroit, MI 48209
$299,900
Est. Payment: $1,562.82/mo
0 Bed
0 Bath
3084 Sqft
Status: active | Days on site: 22
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Tina Alfaro , 586-634-6228 Emmanuel Realty LLC , 888-412-9243. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.1

Year Built

19

County

Wayne

Area

Detroit (82001)

Neighborhood

Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road

Listing ID

61020145

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:3084
Water:Public Water

Exterior Features

Lot Dimensions:30.03X140
Zoning:Commercial
Principal Interest
$1,563
Taxes
$346

Home Price

$299,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$59,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,562.82

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,562.82 $345.58 $0.00 $1,908.40
Yearly $18,753.85 $4,147.00 $0.00 $22,900.85
Total $562,615.42 $124,410.00 $0.00 $687,025.42
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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