6735 Vernor Hwy, Detroit, MI 48209-1551
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.