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Jenn Smart

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4435 W Vernor , Detroit, MI 48209
$550,000
Est. Payment: $2,866.13/mo
0 Bed
0 Bath
5246 Sqft
Status: active | Days on site: 639
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Prime Mixed-Use Redevelopment Opportunity in the Heart of Mexicantown Discover an exceptional investment opportunity in one of Detroit's most vibrant and culturally rich neighborhoods--Mexicantown. Located on highly traveled Vernor Highway just minutes from downtown Detroit, this mixed-use property offers tremendous upside for investors, developers, or owner-occupants seeking a value-add asset in a rapidly growing corridor. Property Features Building Size: 5,246 square feet Lot Size: 84' frontage × 134' depth Flexible Mixed-Use Layout: Ideal opportunity to redevelop into street-level commercial space with two residential apartments above, creating multiple income streams. Additional Parking Lot: The adjacent lot provides ample space for customer and tenant parking, outdoor seating, or future site improvements--an increasingly valuable amenity in this busy commercial district. Additional Out-Building: Included with the sale, offering storage, workshop space, or additional business use. Prime Location: Outstanding visibility on Vernor Highway with excellent traffic counts and surrounded by popular restaurants, retail, and neighborhood attractions. Investment Potential Whether you're looking to establish a flagship business, develop a mixed-use income property, or reposition an existing building, this property offers outstanding flexibility. The configuration lends itself perfectly to a commercial storefront on the first floor with two upscale apartments on the second level, providing strong long-term rental income while benefiting from Detroit's continued neighborhood revitalization. The additional lot offers a significant competitive advantage by providing dedicated parking for both residential tenants and commercial customers, while also allowing for future expansion or outdoor amenities. Development & Incentive Opportunities This property presents an excellent opportunity to capitalize on Detroit's ongoing redevelopment efforts. Buyers may qualify for various local, state, and federal redevelopment prog

Highlights

Listed by Frank Locricchio , 810-300-1650 Realty Executives Home Towne , 810-982-1400. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.26

Year Built

19

County

Wayne

Area

Detroit (82001)

Neighborhood

M W Fields Sub Of Lots 25 Thru 33 (Plats)

Listing ID

60347310

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:5246
Water:Public Water

Exterior Features

Lot Dimensions:84.00 x 134.00
Zoning:Commercial
Principal Interest
$2,866
Taxes
$141

Home Price

$550,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$110,000
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:
$2,866.13

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,866.13 $140.67 $0.00 $3,006.79
Yearly $34,393.52 $1,688.00 $0.00 $36,081.52
Total $1,031,805.54 $50,640.00 $0.00 $1,082,445.54
Lender profile image
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).

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Data last updated: 2026-09-02T03:11:55.100Z

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