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Jim Blehm

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

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7244 W Vernor Hwy , Detroit, MI 48209
$299,900
Est. Payment: $666.44/mo
0 Bed
0 Bath
3084 Sqft
Status: Active | Days on site: 37
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366413 - 312815
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House Description

Phenomenal mixed-use investment opportunity located at 7244–7246 W. Vernor Hwy in Southwest Detroit. Ideal for an investor, developer, or owner-operator looking to establish a business while creating additional potential income streams. Property features two ground-floor commercial storefront spaces plus upper-level space with the potential to develop two residential apartments, subject to applicable zoning and municipal approvals.One storefront is currently occupied by a long-term salon tenant on a month-to-month basis, providing existing rental income. Excellent W. Vernor frontage offers high traffic exposure, strong street visibility, convenient community access, and gated exterior parking.Property is in need of renovation and is being sold as-is, creating an excellent value-add opportunity for a buyer looking to renovate, reposition, and maximize the property’s income-producing potential. With two commercial storefronts, potential upper-level residential units, existing rental income, and an owner-user option, this property offers numerous possibilities.Offered at $299,900. Buyer and buyer’s agent to verify all information, measurements, zoning, permitted uses, and feasibility of potential residential development. Please do not disturb existing tenant.

Highlights

Listed by Tina Alfaro , 586-634-6228 Emmanuel Realty LLC , 888-412-9243.

Property Type

Commercial Sale

Lot/Acreage
0.1

Year Built

1923

County

Wayne

School District

Detroit

Listing ID

20261063646

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features

Principal Interest
$666
Taxes
$346

Home Price

$299,900

Loan Details

30 yrs
%

Down Payment

20%
$59,980
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Monthly Price:
$666.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $666.44 $345.58 $0.00 $1,012.03
Yearly $7,997.33 $4,147.00 $0.00 $12,144.33
Total $239,920.00 $124,410.00 $0.00 $364,330.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.