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Additional details
$ 999,000
Est. payment /mo
Active
7149 W Vernor HWY Detroit, MI 48209
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $166
Subdivision Hannans Ferndale
MLS Listing ID 20251037930
Year Built 1922
Property Sub-Type RealEstateOnly
Property Description
Unlock the full potential of this 6,600 sf, freshly painted, prime commercial property that currently houses 3 families, & 2 thriving Businesses with strong roots and support from its vibrant, growing Community for over 22 years!
Situated on the infamous W. Vernor highway with extremely high demand & low inventory, within minutes of Downtown Detroit, The Gordie Howe and Ambassador Bridge, shopping, entertainment, all major freeways, and The New Michigan Central Station. Walking distance to: grocery markets, retail stores, restaurants, bike trails, green paths, parks, clinics, bus-stop just a few steps away, laundromat, banks, and entertainment with many new developments underway. This rare opportunity offers:
Three connected commercial units and three 2-bedroom apartments on the second floor on a high-traffic corner with constant foot traffic from locals and tourists.
Built on a strong foundation with durable structural & integrity, this property requires only light TLC; no full rehabilitation is necessary, making it perfect for passive investors seeking a steady return that offers 6 incomes, stability, versatility, and upside. abundance of street parking, 7+ vehicle concrete parking lot in the rear for additional parking, enclosed with an 8ft steel security fence and security lighting. Three two-bedroom large (1,1000 sf each) upper units, each featuring a large living room with a separate formal dining area, kitchen, bathroom, and two bedrooms, have been occupied by the same loyal tenants for over 20 years. Ideal for rental income or staff housing, each unit has separate utilities. Security shade for front street sealing to floor windows for added security, tons of natural lighting, Central air, & much more.
Situated on the infamous W. Vernor highway with extremely high demand & low inventory, within minutes of Downtown Detroit, The Gordie Howe and Ambassador Bridge, shopping, entertainment, all major freeways, and The New Michigan Central Station. Walking distance to: grocery markets, retail stores, restaurants, bike trails, green paths, parks, clinics, bus-stop just a few steps away, laundromat, banks, and entertainment with many new developments underway. This rare opportunity offers:
Three connected commercial units and three 2-bedroom apartments on the second floor on a high-traffic corner with constant foot traffic from locals and tourists.
Built on a strong foundation with durable structural & integrity, this property requires only light TLC; no full rehabilitation is necessary, making it perfect for passive investors seeking a steady return that offers 6 incomes, stability, versatility, and upside. abundance of street parking, 7+ vehicle concrete parking lot in the rear for additional parking, enclosed with an 8ft steel security fence and security lighting. Three two-bedroom large (1,1000 sf each) upper units, each featuring a large living room with a separate formal dining area, kitchen, bathroom, and two bedrooms, have been occupied by the same loyal tenants for over 20 years. Ideal for rental income or staff housing, each unit has separate utilities. Security shade for front street sealing to floor windows for added security, tons of natural lighting, Central air, & much more.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Interior
Heating ForcedAir, NaturalGas
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block, BrickMortar
Sewer PublicSewer
Water Public, WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Listed by Regina M Sanchez of Century 21 Curran & Oberski