Detroit Property in
For Sale
$825,000
3553 Vernor Hwy, Detroit, MI 48216
Well-maintained 11,282 SF building with parking in Detroit's Mexicantown.
Property Size11,282 SF
Price / SF$73.13
Days on Market314
Property Features for 3553 Vernor Hwy
General Information
Standard status
Active
Size
11,282 SF
Property subtype
Other
Zoning
B4
Building Details
Building Size
11,282 SF
Listing Agency:
O'Connor Real Estate
Listed By:
Vincent Mazzola · License #6501387170
(313) 704-2678
Source:
Cpix.resimplifi
Added: Nov 27, 2025
Changed: Sep 12
Last Checked: Oct 7 at 8:30AM
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 O'Connor Real Estate
Investment Insights
Based on property information with market context.
Located in Detroit's Mexicantown neighborhood, a few blocks from Ford's Michigan Central Station, the property at 3553 W. Vernor was formerly St. Anthonys Church. The building is approximately 11,282 square feet and has been well-maintained, featuring updated electrical and HVAC systems. It includes an event hall with original hardwood floor, chandeliers and arched windows, as well as private offices and former living spaces. An adjacent 16-car parking lot is also included.
Key Highlights
- Large, beautifully maintained building (approx. 11,282 sq ft) suitable for various uses.
- Impressive, light‑flooded event hall with original hardwood floor, chandeliers, and arched windows.
- Updated electrical and HVAC systems.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,872
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,440
$1.1M
Cap Rate 7%
$783,886
$783.9K
Cap Rate 9%
$609,689
$609.7K
Market Conditions
NOI Build-Up for 11,282 SF
Gross rent
$82.6K $7.32/SF
− Vacancy
−$4.2K −$0.37/SF
EGI
$78.4K $6.95/SF
− OpEx
−$23.5K −$2.08/SF
NOI
$54.9K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,440
Cap Rate 7%
$783,886
Cap Rate 9%
$609,689
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $138,959 @ 7.0% cap · market cap 16.84%
Second Best
Industrial
$783.9K
$685.9K – $914.5K
NOI $54,872 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,220 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,050 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,295 visits/mo
0.2 miles
Citgo
Shops & Services
4,108 visits/mo
0.2 miles
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Well-maintained 11,282 SF building with parking in Detroit's Mexicantown.
Where is this church & religious facility located?
The property is located at 3553 Vernor Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Large, beautifully maintained building (approx. 11,282 sq ft) suitable for various uses.; Impressive, light‑flooded event hall with original hardwood floor, chandeliers, and arched windows.; Updated electrical and HVAC systems.
