For Sale
4435 W VERNOR, Detroit, MI 48209
$550,000
MLS # 20240077939 (Realcomp)
Built 19150.26 acres
1 / 8
Listing Description
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 prog
Source: SparkMLS
About this home
Currently offered at $550,000.
Estimated annual property tax: $3,674, or about $306 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 7 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.26 acres
Year Built1915
Location
CityDetroit
Zip Code48209
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding, Wood Siding
BasementBasement
WaterPublic
Sale & Financing
Listed10/14/2024
Original Price$695,000
Source: SparkMLS
Tax Information
Annual Tax$1,930
Tax Year2025
State Equalized Value$44,700
Assessed Value$44,700
Parcel #14000343.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Frank Locricchio
Realty Executives Home Towne
Frequently Asked Questions about 4435 W VERNOR, Detroit, MI 48209
What school district is 4435 W VERNOR, Detroit, MI 48209 in?
Per MLS# 20240077939, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20240077939, the most recent reported annual property tax for 4435 W VERNOR, Detroit, MI 48209 is $1,688. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4435 W VERNOR, Detroit, MI 48209 eligible for USDA financing?
Per USDA Rural Development boundary data, 4435 W VERNOR, Detroit, MI 48209 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4435 W VERNOR, Detroit, MI 48209 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 4435 W VERNOR, Detroit, MI 48209?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 4435 W VERNOR, Detroit, MI 48209. The maximum advertised download speed is 2.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$3,674
Monthly$306
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$3,873
Principal & interest$3,567
Property taxes$306
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableGSO SatelliteSatelliteDSLLicensed Fixed Wireless
7 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4435 W VERNOR, Detroit, MI 48209
View full property history →
Neighborhood
Vernor Junction
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 4435 W VERNOR
We'll notify you when something hits the market in Vernor Junction or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.