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Property profile & analytics

6735 Vernor Hwy Detroit, MI 48209-1551

  • Auto shops
  • 11,312 SF
  • 0.31 lot acres
OFF-MARKET
Last Sale
Sep 20, 2024
$850,000
Value Estimations
$850,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1082282
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $850,000
    ML approach
    $850,000

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$4,740
$0.00
$0.00
$170,900
-
$0.00
$0.00
$341,800
More about this property
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