3537 W Vernor Hwy - Storefront FOR SALE


Detroit, MI 48216- Mexicantown
$700,000 USD
313-704-2678
3537 W Vernor Hwy, Detroit, MI for Sale
$700,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

3537 W Vernor Hwy
Detroit, MI 48216
Mexicantown


OVERVIEW

Giovanna’s Lounge is a fully operational bar located on West Vernor Highway in Detroit’s Mexicantown neighborhood. The offering includes the real estate, a Class C liquor license, and all existing furniture, fixtures, and equipment. The building comprises a ground-floor bar with interior seating, pool table, and jukebox, as well as one of the largest outdoor patios in the area. Onsite surface parking is available for patrons. The second floor includes a two-bedroom residential unit, suitable for owner-occupancy or as an additional source of rental income. This property presents an opportunity for owner-operators or investors seeking a well-located, income-producing asset in one of Detroit’s most active commercial corridors.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Giovanna's Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B4

APN/PARCEL ID

12-000281

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.