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3959 W VERNOR Highway

$ 899,000
3959 W VERNOR HIWY ,
131
Active

Description

Southwest Detroit ,Great opportunity to own this 6000 S.F Shopping Center , located in the heart of the hisorical mexicantown and within the new $16 million housing and retail development that’s has started on Bagley St. within minutes of Corktown, Bridge to Canada, and freeways. The 4 units was built in 2002 and has been managed by the same owner since then .Definitely It needs a new management as seller is seeking retirement soon . Seller will look at all legitimate offers (Income is projected at 75 % vacancy and based on great leasing history and record)

Address: 3959 W VERNOR HIWY
City:
State/County:
Zip: 48216
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Property Id : 27400
Price: $ 899,000
Building size: 0.28 acres
Available Space: 5888 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 Story
Assessment: 0
Building Area Source: Public Records
Business Type: Medical,Retail,Service,Wholesale
CDOM: 55
Commercial Type: Commercial,Real Estate Only
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Multible unites shoping Center , Retailer , Resturant
Directions: Vernor going west , pass Grand Blvd. W , shopping center on the left-hand side
Directions From EastWest: W
Directions From EastWest Detail: Grand Blvd W
Directions From NorthSouth: N
Directions From NorthSouth Detail: 75
DOM: 55
Foundation Details: Slab
Foundation Materials: Poured
Frontage Feet: 130
Gross Scheduled Income: 120000.00
Heating: Central Air,Forced Air,Packaged Heat/Cool,Zoned
Heating Fuel: Natural Gas
Last Change Type: Price Decrease
List Office Name: Keller Williams Legacy
List Price By Acre: 3210714.2857
Lock Box Type: Key
Lot Size Dimensions: 93.00X130.00
MLS: Realcomp II Ltd
MLS Area Major: Det South Of Grand River
MLS Area Major Number: 05101
MLS Number: 219122039
Monthly Sales: 2000
Annual Net Income: 100000.00
Operating Expense: 20000.00
Original List Price: 949900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W14I000318S
Percent Leased: 25
Postal City: Detroit
Postal Code Plus 4: 1444
Property Type: Commercial
Protection Period: 120
Road Frontage Type: Class A
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 74400.0000
Street Dir Prefix: W
Street Name: VERNOR
Street Number: 3959
Street Suffix: Highway
Subdivision Name: SCOTTENS DANIEL RESUB OF PT OF PC 77
Table: Commercial
Taxable Value: 46310.0000
Tax Amount Summer: 3759.0000
Tax Amount Winter: 439.0000
Tax Legal Description: S VERNOR HWY 129 THRU 127 DANIEL SCOTTENS RESUB L5 P23 PLATS, W C R 14/31 92.50 X 130
Title: Private - Owned
Total Tax: 4198.0000
Unit Count: 0
Water Source: Municipal Water
Year Built: 2002
Zoning: Commercial,Office,Recreation
APOD Available: No
Customer Comment: Yes
Encroachment: No
Existing Lease: Yes
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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