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3040 W VERNOR Highway
Detroit, MI 48126

$399,000
Est. Mortgage: $2,000/mo
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Active
  • 20,124
    sq.ft.
Commercial

PRIME COMMERCIAL LOCATION/ CORNER LOCATION AT EXIT I-75 AND N VERNOR HWY ONE MINUTE AWAY FROM MEXICANTOWN MAIN BUSINESS DISTRICT, AS WELL AS BRIDGE TO CANADA!! TAKE YOUR COMMERCIAL INVESTMENT TO THE NEXT LEVEL ON THIS GREAT CORNER LOCATION THAT WILL ATTRACT LOTS OF CUSTOMERS. BILLBOARD DATA IS AS FOLLOWS: IT IS A 5 YEAR LEASE WITH ABOUT 3 YEARS REMAINING. $4500 ANNUALLY, HOWEVER AFTER THE 3 YEARS, THE SIGN WILL BE MADE DIGITAL WITH $16,000/ YEAR COST. PLEASE NOTE A DEED RESTRICTION NOT ALLOWING A GAS STATION TO BE BUILT HERE. ALL DATA APPROX AND BATVAI. PLEASE CALL LISTING AGENT FOR MORE DETAILS.

Property Details
  • Detroit
    school district
  • $1,330.00
    taxes
  • 1945
    built
  • 217108124
    MLS#
Solar activity heat
Slab Foundation
School district: Detroit
Lot size: 171X94
Lot zoned: Commercial
Present use: vacant
Frontage: 100
Sewer
City water
Total square feet: 20124
For sale
Summer tax: 1185.0000
Winter tax: 145.0000
Courtesy of:
Empire Realty Group

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855-GO-HANNA
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Address Distance Sale date Sale price
3344 W VERNOR Highway 0.12 mi. 11/28/2017 $160,000
1450 MCKINSTRY Street 0.86 mi. 12/2/2016 $350,000
51 W FOREST Avenue 2.25 mi. 1/23/2017 $375,000
318 E MILWAUKEE Street 3.2 mi. 10/16/2017 $400,000
1330 INDUSTRIAL Street 3.72 mi. 10/24/2016 $300,000
3740 WYOMING Road 3.74 mi. 2/3/2017 $350,000
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{"markerType": "Sold", "lat": "42.31674", "lng": "-83.09499", "Address": "1450 MCKINSTRY Street", "City": "Detroit", "StateProv": "MI", "ZipCode": "48209"}
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{"markerType": "Sold", "lat": "42.37051", "lng": "-83.068", "Address": "318 E MILWAUKEE Street", "City": "Detroit", "StateProv": "MI", "ZipCode": "48202"}
{"markerType": "Sold", "lat": "42.29657", "lng": "-83.14446", "Address": "1330 INDUSTRIAL Street", "City": "Dearborn", "StateProv": "MI", "ZipCode": "48120"}
{"markerType": "Sold", "lat": "42.31522", "lng": "-83.15498", "Address": "3740 WYOMING Road", "City": "Dearborn", "StateProv": "MI", "ZipCode": "48120"}
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Detroit Real Estate Market in 48126
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$144,706
Average sale price
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The approximate monthly principal & interest payment for this property would be $1,999.76.

This payment is based on a 30-year loan at a fixed rate of 4.750 % - APR 4.848 % with a down payment of $19,950. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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3040 W VERNOR Highway, Detroit, MI 48126 commercial offered for sale at $399,000.
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