4435 W VERNOR Detroit, MI $ 550,000
4435 W VERNOR
$ 550,000
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4435 W VERNOR

Detroit, MI, 48209
$ 550,000
Bedrooms-- Baths-- Sq 5,246

Monthly Estimate*

$ 3,473

4435 W VERNOR, Detroit, MI 48209 - Image 1
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4435 W VERNOR, Detroit, MI 48209 - Image 3
4435 W VERNOR, Detroit, MI 48209 - Image 4
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4435 W VERNOR, Detroit, MI 48209 - Image 8
4435 W VERNOR, Detroit, MI 48209 - Image 9

Commercial Property for sale in Detroit, MI

for $550,000. This 5,246 square foot building was built in 1915 on a lot size of 0.26.

Prime Mixed-Use Redevelopment Opportunity in the Heart of Mexicantown Discover 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 Features Building Size: 5,246 square feet Lot Size: 84' frontage × 134' depth Flexible 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 Potential Whether 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 Opportunities This property presents an excellent opportunity to capitalize on Detroit's ongoing redevelopment efforts. Buyers may qualify for various local, state, and federal redevelopment prog

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Commercial Active

Price

$ 550,000

Property Type

Commercial

Taxes

$ 1,688

Style

RealEstateOnly

Lot Size

0.26

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240077939

Features
General
Sewer PublicSewer
Heating NaturalGas
Possession AtClose
Garage Spaces 6.0
Construction Materials VinylSiding WoodSiding
Year Built 1915
Property Subtype RealEstateOnly
Current Use Commercial
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name M W FIELDS SUB OF LOTS 25 THRU 33 (PLATS)
Garage Y/N N
Status Active
Directions Vernor Hwy past Clark Park between Clark and Mckinstry
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1688.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 18378
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-10-15
Legal Description S VERNOR HWAY 4 M W FIELDS SUB L4 P8 PLATS W C R 14/32 42 X 134
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Exterior
Water Source Public
Lot Size Area 0.26
Foundation Details Basement Block
Spa N
Building Area Total 5246.0
Lot Dimensions 84.00 x 134.00
Lot Size Acres 0.26
Waterfront Y/N N
Road Frontage Type ClassA
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 5246.0
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Internal Only
Street Number 1 4435
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* Excluded Features
List By
Frank Locricchio

Listing Agent

Realty Executives Home Towne

Broker

(810) 982-1400

Phone

Affordability Calculator

$3,613
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$141
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/4/2026$550,000 -4.35% Price Down
2/13/2026$575,000 -4.01% Price Down
12/23/2025$599,000 -7.70% Price Down
8/20/2025$649,000 -6.62% Price Down
10/15/2024$695,000 Listed Price

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4435 W VERNOR, Detroit, MI, 48209 is a Commercial Property for sale at $550,000 with 5,246 sqft and a lot size of 0.26. 4435 W VERNOR was built in 1915. The property's zip code is 48209 which is in Detroit, MI