Mixed-Use Redevelopment
For Sale
$550,000
4435 W VERNOR, Detroit, MI 48209
Mixed-use building with street-level commercial space and two apartments above, plus an adjacent parking lot and an included out-building.
Property Size5,246 SF
Price / SF$104.84
Days on Market692
Property Features for 4435 W VERNOR
General Information
Standard status
Active
Size
5,246 SF
Property subtype
Industrial
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
3
Building Details
Year Built
19
Stories
2
Listing Agency:
Realty Executives Home Towne
(810) 982-1400
Listed By:
Frank Locricchio · License #6502367355
(810) 300-1650
Source:
Xome
Added: Oct 13, 2024
Changed: Sep 2
Last Checked: Sep 4 at 2:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Home Towne
Investment Insights
Based on property information with market context.
This mixed-use property offers flexible redevelopment possibilities with a configuration designed for street-level commercial space and two residential apartments on the second level. The building totals 5,246 square feet, and it sits on an 84' frontage by 134' depth lot. An additional out-building is included with the sale, providing space that may support storage, workshop use, or other business needs depending on the redevelopment plan.
The site is located on highly traveled Vernor Highway, providing visibility to passing traffic. The adjacent lot provides additional off-street parking that can support customer and tenant parking, outdoor seating, or future site improvements.
With the combined building, adjacent parking lot, and included out-building, the property is positioned as a value-add mixed-use redevelopment opportunity with multiple income-producing components.
The site is located on highly traveled Vernor Highway, providing visibility to passing traffic. The adjacent lot provides additional off-street parking that can support customer and tenant parking, outdoor seating, or future site improvements.
With the combined building, adjacent parking lot, and included out-building, the property is positioned as a value-add mixed-use redevelopment opportunity with multiple income-producing components.
Key Highlights
- Mixed‑use building with street‑level commercial space and two residential apartments above
- 5,246 SF building size on an 84' frontage x 134' depth lot
- Adjacent parking lot included for customer and tenant parking, outdoor seating, or future site improvements
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use building with street-level commercial space and two apartments above, plus an adjacent parking lot and an included out-building.
Where is this storefront property located?
The property is located at 4435 W VERNOR Detroit, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use building with street‑level commercial space and two residential apartments above; 5,246 SF building size on an 84' frontage x 134' depth lot; Adjacent parking lot included for customer and tenant parking, outdoor seating, or future site improvements
