3535 W Vernor new

Detroit,MI 48216 1552

$ 700000

- Bed

- Bath

2400 SqFt


Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $291

Subdivision Mi

MLS Listing ID 60394872

Annual Tax Amount $1,371

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 28.00 x 144.00

Property Sub-Type Commercial/Industrial

Property Description

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.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Commercial

Interior

Heating Forced Air

Building

Foundation Basement

Water Public Water

Structure Type Brick

Others

Ownership Private

Assessment Amount $450

Energy Description Natural Gas

Financing Cash,Conventional

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