For Sale
$950,000

6735 Vernor Hwy Detroit, MI 48209

Two buildings, ample parking, updated.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity encompasses two buildings totaling 15,895 square feet situated on nearly 0.81 acres of land in Southwest Detroit. The main building, located at 6735 Vernor Hwy, boasts 13,539 square feet and underwent a complete renovation in 2022. Previously a cab company headquarters, it features 4-6 repair bays, multiple lifts, an air compressor, and is move-in ready. Its original use as a bowling alley lends itself to diverse possibilities, including a bar, restaurant, banquet hall, or grocery store. The second building, at 2201 Waterman, offers 2,356 square feet and presents a unique opportunity. This former trucking depot can be repurposed as a coffee house, restaurant, or restored to its original use. Both properties benefit from over 100 parking spaces, a rare find in this area. Built in the 1920s-1940s, these buildings are ideally positioned to capitalize on Southwest Detroit's remarkable resurgence. Detroit is experiencing unprecedented growth, with billions of dollars invested in new retail, services, and corporate relocation projects. This surge in corporate activity is driving demand for housing, creating a vibrant live-work-play environment that appeals to a diverse demographic. This property's prime location and versatile spaces offer significant potential for strong returns in a rapidly developing market.

Highlights

  • $950,000 asking price for a retail property in Detroit, MI.
  • Two buildings totaling 15,895 square feet on approximately 0.81 acres of land.
  • Buildings located at 6735 Vernor Hwy and 2201 Waterman, Detroit, MI 48209.
  • Built in the 1920s-1940s, with the Vernor Hwy building remodeled in 2022.
  • Over 100 parking spaces.

Property Details for 6735 Vernor Hwy

Property type
Lifestyle centers, Power centers

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.315467650765
Longitude
-83.117373671778

FAQs

What type of property is this?
Lifestyle center - Two buildings, ample parking, updated.
Where is the lifestyle center located?
The property is located at 6735 Vernor Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: $950,000 asking price for a retail property in Detroit, MI.; Two buildings totaling 15,895 square feet on approximately 0.81 acres of land.; Buildings located at 6735 Vernor Hwy and 2201 Waterman, Detroit, MI 48209.
How can I contact the broker?
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6735 Vernor Hwy
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