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$299,900
Est. payment /mo
3,084 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $97
MLS Listing ID 20261063646
Year Built 1923
Annual Tax Amount $4,147
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 30.03X140
Source Realcomp
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.
Location
State MI
County Wayne
Zoning Commercial
Direction W Vernor to Stair
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W18I001412S
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Listed by Emmanuel Realty LLC
Nearby School & Business
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