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    13016 Mack Ave Detroit, MI 48215

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    For Sale
    $799,000

    Long-standing food center with consistent revenue and lottery profits.

    Lot size:
    0.10 Acres

    Property Features for 13016 Mack Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1940

    Source: Home Negotiators LLC Agent Phillip VanBuren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Food Center for Sale

    The AW Food Center, a retail property, has been a part of the Mack Avenue business district for over 50 years. It maintains a close relationship with the community. The business generates consistent revenues, including over $100,000 in annual lottery profits for the past 3 years. The property offers upside profit potential, as current profits are based on an 8 pm closing time, regardless of weekends and holidays. Lender financing is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    AW Food Center Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Save A Lot

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9613631
    Latitude
    42.3844671

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    FAQs

    What type of property is this?
    Grocery and convenience store - Long-standing food center with consistent revenue and lottery profits.
    Where is this grocery and convenience store located?
    The property is located at 13016 Mack Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Lender financing available; - Consistent revenue with $100,000+ annual lottery profits (past 3 years); - Established business (50+ years in Mack Avenue business district)
    (313) 622-1456
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    13016 Mack Ave Detroit, MI 48215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13016 Mack Ave Detroit, MI 48215
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