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    3553 Vernor Hwy Detroit, MI 48216

    Sponsored
    For Sale
    $825,000

    11,282 SF Former Church, Vacant

    Property size:
    11,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning 11,282 square foot mixed-use property, formerly St. Anthony's Church, presents a unique investment opportunity in Detroit's vibrant Mexicantown neighborhood. Built in 1926, this two-story building boasts beautifully maintained interiors, including updated electrical and HVAC systems. The main space is an impressive, light-filled event hall featuring original hardwood floors, elegant chandeliers, and arched windows, ideal for a variety of uses. Additional space includes private offices and former living quarters, offering flexibility for diverse business needs. The property also includes a convenient 16-car parking lot, a significant asset in this location. Situated on a 0.37-acre lot, the building is zoned B4 and is conveniently located within walking distance of Ford's Michigan Central Station. Its location in a qualified opportunity zone adds further investment appeal. This exceptional property offers a rare blend of history, character, and modern amenities, making it an attractive prospect for adaptive reuse and redevelopment. The property is currently vacant, allowing for immediate occupancy and customization. The APN is 12000282. Asking price is $825,000.

    Property Features for 3553 Vernor Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,282 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1926
    Buildings
    1
    Stories
    2

    HighLights

    • 11,282 SF mixed‑use building, formerly St. Anthony's Church, in Detroit's Mexicantown.
    • Located in a Qualified Opportunity Zone.
    • Updated electrical and HVAC systems.
    • Onsite parking lot (16 spaces).
    Property Profile Location Intelligence

    Current Use by Public Records

    Vista Partnership Non-Profit Organization All Saints Literacy ... Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0877104
    Latitude
    42.323283

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    FAQs

    What type of property is this?
    Mixed-use property - 11,282 SF Former Church, Vacant
    Where is this mixed-use property 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: 11,282 SF mixed-use building, formerly St. Anthony's Church, in Detroit's Mexicantown.; Located in a Qualified Opportunity Zone.; Updated electrical and HVAC systems.
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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
    3553 Vernor Hwy Detroit, MI 48216
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