7244 W Vernor Highway, Detroit, MI 48209

About this property

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.

Interior

Fireplace

Yes

Exterior & construction

Construction

Brick

Lot size

4,356 sq ft

Lot dimensions

30.03X140

New construction

Yes

Utilities

Water source

Public

Financial

Annual tax

$4,147

Location

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