Mixed-Use Investment
For Sale
$1,000,000
15523 Mack Ave, Detroit, MI 48207
Mixed-use building with residential and commercial units near Grosse Pointe.
Property Size14,592 SF
Price / SF$68.53
Days on Market137
Property Features for 15523 Mack Ave
General Information
Standard status
Active
Size
14,592 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$28,197
Listing Agency:
Golden Key Realty Group LLC
(248) 422-6962
Listed By:
D'Asia P Taylor · License #6501418855
(313) 290-3716
Source:
Exprealty
Added: Apr 24
Changed: Sep 6
Last Checked: Sep 6 at 10:15AM
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 Golden Key Realty Group LLC
Investment Insights
Based on property information with market context.
This mixed-use building presents an investment opportunity, featuring a total of 20 units. It includes 18 residential units, consisting of 4 studios, 12 one-bedroom units, and 2 two-bedroom units, along with 2 commercial spaces. Each residential unit is equipped with 1 bathroom. The property is located across from Grosse Pointe, offering proximity to its amenities with Detroit pricing. The building's configuration includes a garden/basement level with 2 one-bedroom units and 2 commercial units. The first and second floors each feature a mix of studios, one-bedroom, and two-bedroom units, with layouts ranging from approximately 435 to 599 square feet, plus shared common areas. The second floor mirrors the first. The location is walkable to everyday conveniences such as Aldi, Dollar Tree, and Huntington Bank, as well as public transportation, nearby restaurants, and retail options. It is a 5-minute drive to Beaumont Hospital, Trader Joe’s, and Starbucks, with quick access to Chick-fil-A and Chipotle Mexican Grill along Mack Ave, and approximately 15 minutes to Little Caesars Arena and Downtown Detroit. Architectural drawings are approved and shovel ready for development. There are no known special assessments or encroachments. On-street parking is available, along with rear alley access. The property offers upside with the ability to stabilize rents and maximize income and may qualify for incentive programs, including Brownfield TIF, OPRA, PILOT programs, SBA financing (commercial), and potential 4% LIHTC eligibility. The seller may be open to Land Contract terms.
Key Highlights
- Prime mixed‑use investment opportunity with 20 total units (18 residential, 2 commercial) offering a versatile rental mix.
- Advantageous location directly across from Grosse Pointe, offering proximity at Detroit pricing.
- Strong value‑add potential through rent stabilization and income maximization.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with residential and commercial units near Grosse Pointe.
Where is this mixed-use property located?
The property is located at 15523 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime mixed‑use investment opportunity with 20 total units (18 residential, 2 commercial) offering a versatile rental mix.; Advantageous location directly across from Grosse Pointe, offering proximity at Detroit pricing.; Strong value‑add potential through rent stabilization and income maximization.
