Property profile

3553 Vernor Hwy Detroit, MI 48216

FOR SALE
Commercial land
Property ID
US43-1624081
0.37 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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For Sale
$825,000
3553 Vernor Hwy, Detroit, MI 48216
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.37 ac (16,117 SF)
Zoning code B4
APN 12000282.
UPID US43-1624081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency

Location

3553 Vernor Hwy Detroit, MI 48216
Detroit metro Census 521100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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