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$ 800,000
Est. payment | /mo
14,592 SqFt
$ 800,000
Est. payment | /mo
14,592 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 14,592 sqft
Price per Sqft $54
Subdivision Mi
MLS Listing ID 60999266
Annual Tax Amount $28,197
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 100.14X72.64
Property Sub-Type Commercial/Industrial
Property Description
Directly across from Grosse Pointe, 15523 Mack Avenue presents a rare opportunity to acquire a 20-unit mixed-use asset in one of Detroit's most sought-after border markets. The property consists of 18 residential units and 2 commercial spaces positioned along the highly visible Mack Avenue corridor, offering investors immediate scale and significant value-add potential. Located just minutes from Downtown Grosse Pointe, Corewell Health Beaumont Grosse Pointe Hospital, and Downtown Detroit, the property sits in a proven corridor supported by strong residential demand, established commercial activity, and continued public and private investment. Investors have the opportunity to increase value through renovation, lease-up, rent growth, commercial occupancy, operational improvements, and overall repositioning of the asset. City-approved redevelopment plans are available for purchase separately, providing a head start for future redevelopment, expansion, or adaptive reuse initiatives. The property may be eligible for Brownfield TIF, OPRA, PILOT programs, SBA financing, and potential 4% LIHTC incentives, creating additional avenues to enhance project feasibility and returns. Opportunities to acquire a mixed-use asset of this size, location, and redevelopment potential are becoming increasingly difficult to find as replacement costs continue to rise and barriers to new development remain high. Combining Grosse Pointe adjacency, Detroit pricing, multiple income streams, redevelopment potential, and appreciation potential, 15523 Mack Avenue offers a compelling opportunity for investors seeking a scalable asset with upside in one of Detroit's strongest border-market locations. Seller may consider Land Contract terms for qualified buyers. Proof of funds and Hold Harmless Agreement required prior to scheduling a showing. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify all information and perform their own due diligence.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Mixed Use,Multi-Family,Commercial,Residential
Interior
Heating Radiant, Steam
Exterior
Roof Type Rubber
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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Shannon Bagdonas
Team Lead / Broker Partner