4435 Vernor

Overview

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 programs, including potential tax incentives, rehabilitation grants, façade improvement programs, and other investment assistance. Buyers should verify all zoning, allowable uses, incentives, grants, and redevelopment opportunities with the appropriate governmental agencies.Don't miss this rare opportunity to acquire a highly visible mixed-use property with exceptional redevelopment potential in one of Detroit's fastest-growing commercial districts. With the right vision, this property can be transformed into a premier destination for both business and residential living.