6735 Vernor Hwy Detroit, MI 48209-1551
- Auto shops
- 11,312 SF
- 0.31 lot acres
Sep 20, 2024
Current Use by Public Records
- Auto shops
Property Details for 6735 Vernor Hwy
- Year built
- 1943
- Lot size
- 0.31 lot acres
- Property size
- 11,312 SF
- Zone code
- M4
- Property type
- Auto shops
- APN
- 18001327-9
- APU
- 180013279
Description
This exceptional investment opportunity encompasses two buildings totaling 15,895 square feet situated on nearly 0.81 acres of land in Southwest Detroit. The main building, located at 6735 Vernor Hwy, boasts 13,539 square feet and underwent a complete renovation in 2022. Previously a cab company headquarters, it features 4-6 repair bays, multiple lifts, an air compressor, and is move-in ready. Its original use as a bowling alley lends itself to diverse possibilities, including a bar, restaurant, banquet hall, or grocery store. The second building, at 2201 Waterman, offers 2,356 square feet and presents a unique opportunity. This former trucking depot can be repurposed as a coffee house, restaurant, or restored to its original use. Both properties benefit from over 100 parking spaces, a rare find in this area. Built in the 1920s-1940s, these buildings are ideally positioned to capitalize on Southwest Detroit's remarkable resurgence. Detroit is experiencing unprecedented growth, with billions of dollars invested in new retail, services, and corporate relocation projects. This surge in corporate activity is driving demand for housing, creating a vibrant live-work-play environment that appeals to a diverse demographic. This property's prime location and versatile spaces offer significant potential for strong returns in a rapidly developing market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $850,000
- ML approach
- $850,000
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1171
- Latitude
- 42.3153
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA