Agent profile image in chat bubble
Agent profile image in chat header

Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

Agent profile image in message

4435 W Vernor , Detroit, MI 48209
$499,900
Est. Payment: $1,110.89/mo
5246 Sqft
0.26 Acres
Status: active | Days on site: 180
Get Pre-Qualified
178054 - 314190
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Jim Blehm, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Prime Mixed-Use Redevelopment Opportunity in the Heart of MexicantownDiscover an exceptional investment opportunity in one of Detroit's most vibrant and culturally rich neighborhoods—Mexicantown. Located on highly traveled Vernor Highway just minutes from downtown Detroit, this mixed-use property offers tremendous upside for investors, developers, or owner-occupants seeking a value-add asset in a rapidly growing corridor.Property FeaturesBuilding Size: 5,246 square feetLot Size: 84' frontage × 134' depthFlexible Mixed-Use Layout: Ideal opportunity to redevelop into street-level commercial space with two residential apartments above, creating multiple income streams.Additional Parking Lot: The adjacent lot provides ample space for customer and tenant parking, outdoor seating, or future site improvements—an increasingly valuable amenity in this busy commercial district.Additional Out-Building: Included with the sale, offering storage, workshop space, or additional business use.Prime Location: Outstanding visibility on Vernor Highway with excellent traffic counts and surrounded by popular restaurants, retail, and neighborhood attractions.Investment PotentialWhether you're looking to establish a flagship business, develop a mixed-use income property, or reposition an existing building, this property offers outstanding flexibility. The configuration lends itself perfectly to a commercial storefront on the first floor with two upscale apartments on the second level, providing strong long-term rental income while benefiting from Detroit's continued neighborhood revitalization.The additional lot offers a significant competitive advantage by providing dedicated parking for both residential tenants and commercial customers, while also allowing for future expansion or outdoor amenities.Development & Incentive OpportunitiesThis property presents an excellent opportunity to capitalize on Detroit's ongoing redevelopment efforts. Buyers may qualify for various local, state, and federal redevelopment prog

Highlights

Listed by Frank Locricchio , 810-300-1650 Realty Executives Home Towne , 810-982-1400. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.26

Year Built

1915

County

Wayne

School District

Detroit

Listing ID

20240077939

Questions about this listing?

Contact Agent

Interior Features

Basement:Basement
Water:Public

Exterior Features

Principal Interest
$1,111
Taxes
$141

Home Price

$499,900

Loan Details

30 yrs
0%

Down Payment

20%
$99,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,110.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,110.89 $140.67 $0.00 $1,251.56
Yearly $13,330.67 $1,688.00 $0.00 $15,018.67
Total $399,920.00 $50,640.00 $0.00 $450,560.00
Lender profile image
Brian Belinger
Loan Originator
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Nov 2026

Average Price

All Price Ranges
N/A
Nov 2026

Average Days on Market

All Price Ranges
N/A
Nov 2026
Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-02T20:20:57.000Z

© 2026 MichRIC