3553 Vernor HwyDetroit, MI 48216

  • Land
  • 0.37 AC
For Sale
$825,000 View listing

Property Details for 3553 Vernor Hwy

Lot size
0.37 AC
Zone code
B4
Property type
Land
Property subtype
Commercial land
APN
12000282.
APU
12000282

Description

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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,455,713
    Hospitality
    $3,165,414
    Educational
    $2,633,588
    Medical
    $2,724,161
    Retail
    $4,096,692
3553 Vernor Hwy, Detroit, Michigan
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Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3232
Longitude
-83.0875
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
$416
-
-
$62,800
-
-
-
$125,600

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