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    3535 W Vernor Hwy Detroit, MI 48216

    For Sale
    $700,000

    Operating bar with real estate, license, and residential unit.

    Lot size:
    0.21 Acres

    Property Features for 3535 W Vernor Hwy

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1922

    Source: O'Connor Realty Detroit, LLC Agent Vincent Mazzola

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Operating Bar in Mexicantown Detroit

    Located on West Vernor Highway in Detroit's Mexicantown neighborhood, Giovannas Lounge is a fully operational bar. The offering includes the real estate, a Class C liquor license, and all existing furniture, fixtures, and equipment. The building features a ground-floor bar with interior seating, a pool table, and a jukebox. One of the largest outdoor patios in the area is also included. Onsite surface parking is available for patrons. The second floor includes a two-bedroom residential unit, suitable for owner-occupancy or as an additional source of rental income. This property presents an opportunity for owner-operators or investors seeking a well-located, income-producing asset in one of Detroit's most active commercial corridors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Shaun's Party Store, Restaurante, Vixen’s on Bagley, Giovanna's Lounge, Donovan's Pub

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.087188
    Latitude
    42.323298

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    FAQs

    What type of property is this?
    Bar - Operating bar with real estate, license, and residential unit.
    Where is this bar located?
    The property is located at 3535 W Vernor Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Fully operational bar with real estate, Class C liquor license, furniture, fixtures, and equipment included.; - Prime location on West Vernor Highway in Detroit's Mexicantown.; - Large outdoor patio, a unique feature in the area.
    (313) 963-9891
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    3535 W Vernor Hwy Detroit, MI 48216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3535 W Vernor Hwy Detroit, MI 48216
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