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    Property profile & analytics
    OFF-MARKET Estimated value $850,000
    Auto shops

    6735 Vernor Hwy, Detroit, MI 48209-1551

    11,312 SF 0.31 ac lot Built 1943
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1082282
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1943
    Total area 11,312 SF
    Lot 0.31 ac (13,504 SF)
    Zoning code M4
    APN 18001327-9
    UPID US43-1082282
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $850k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $850k
    Owner & transaction history
    Xijie Zhang · 1 yrs held
    Xijie Zhang
    since 2024
    Last sale
    $850,000
    1 recorded transaction
    2024
    $850,000
    Zoning & alternative use
    M4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.0M +50.6%
    Restaurant $1.0M +50.5%
    Neighborhood: shopping center $855,000 +25.0%
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