Mack Avenue Corner
For Sale
Contact for pricing
12950 Mack Ave, Detroit, MI 48215
Corner property with frontage, exposure, and a three-bay garage.
Property Size2,058 SF
Price / SF$121.43
Days on Market1287
Property Features for 12950 Mack Ave
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Retail, Special Purpose
Zoning
Commerical
Lease Type
Gross
Building Details
Year Built
1950
Buildings
1
Stories
1
Units
1
Listing Agency:
Own It Realty
Listed By:
Hassan Scheib · License #MI 6502399271
(313) 646-7363
Source:
Crexi
Added: Apr 4, 2023
Changed: Oct 8
Last Checked: Oct 9 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Own It Realty
Investment Insights
Based on property information with market context.
This property, located on the corner of Mack Avenue and Dickerson, offers frontage and exposure. It features a three-bay garage and may suit various uses. The property size is 2,058 square feet.
Key Highlights
- High‑visibility corner property with great frontage and exposure.
- Includes a 3‑bay garage.
- Land contract available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,009
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,180
$200.2K
Cap Rate 7%
$142,986
$143.0K
Cap Rate 9%
$111,211
$111.2K
Market Conditions
NOI Build-Up for 2,058 SF
Gross rent
$15.1K $7.32/SF
− Vacancy
−$765 −$0.37/SF
EGI
$14.3K $6.95/SF
− OpEx
−$4.3K −$2.08/SF
NOI
$10.0K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,180
Cap Rate 7%
$142,986
Cap Rate 9%
$111,211
Alternative Uses
Best Use
Retail
$362.1K
$316.9K – $422.5K
NOI $25,348 @ 7.0% cap · market cap 10.14%
Second Best
Industrial
$143.0K
$125.1K – $166.8K
NOI $10,009 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$454.0K
$397.3K – $529.7K
NOI $31,780 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
11,725 visits/mo
0.2 miles
Marathon
Shops & Services
4,989 visits/mo
0.3 miles
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 3K Auto Tires & Repair — 14345 Charlevoix St, Detroit, MI 48215
- C&C 1 Stop Auto Repair — 12910 Mack Ave, Detroit, MI 48215
- Mack Auto Repair — 14540 Mack Ave, Detroit, MI 48215
- Express Quick Lube — 4750 Conner St, Detroit, MI 48215
- Z Tires Auto Repair LLC — 12630 E Warren Ave, Detroit, MI 48215
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property with frontage, exposure, and a three-bay garage.
Where is this auto shop located?
The property is located at 12950 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: High‑visibility corner property with great frontage and exposure.; Includes a 3‑bay garage.; Land contract available.
