Commercial Retail and Office
15535 Mack Ave Detroit, MI 48207
15535 Mack Ave, Detroit, MI, 48207
$149,999
Pending
For Sale
$149,999
Pending
Versatile commercial space with an adaptable layout positioned along a well-traveled corridor facing Grosse Pointe Park.
Property Size1,020 SF
Days on Market126
Property Features for 15535 Mack Ave
General Information
- Standard status
- Pending
- Size
- 1,020 SF
Listing agency
Harris Ventures Real Estate
(313) 483-2177
Listed by
Brianna Harris
(313) 483-2177
Source
Exprealty
Added: Mar 19 Updated: Jul 21 at 2:13PM Checked: Jul 22 at 9:43AM
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 Harris Ventures Real Estate
Investment Insights
Based on property information with market context.
This commercial space is positioned along a well-traveled corridor facing Grosse Pointe Park. Offering 1,000+ square feet, the interior layout is described as adaptable, providing flexibility to tailor the space for retail, professional offices, or personal service businesses. The property is currently zoned for commercial use.
The building fronts the corridor and is surrounded by established dining, retail, and neighborhood businesses, which supports ongoing visibility and community presence.
For buyers seeking a flexible commercial footprint, this offering combines a storefront-oriented setting with zoning that supports multiple neighborhood-serving uses.
The building fronts the corridor and is surrounded by established dining, retail, and neighborhood businesses, which supports ongoing visibility and community presence.
For buyers seeking a flexible commercial footprint, this offering combines a storefront-oriented setting with zoning that supports multiple neighborhood-serving uses.
Key Highlights
- 1,000+ SF commercial space positioned along a well‑traveled corridor facing Grosse Pointe Park
- Currently zoned for commercial use
- Versatile space suited for retail, professional offices, or personal service businesses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $18.60 |
| − Vacancy | −$1.0k | −$1.00 |
| EGI | $17.9k | $17.60 |
| − OpEx | −$5.4k | −$5.28 |
| NOI | $12.6k | $12.32 |
1,020 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.5K
$157.0K – $209.4K
NOI $12,563 @ 7.0% cap · market cap 8.38%
Second Best
Office B
$147.6K
$129.2K – $172.2K
NOI $10,334 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$225.0K
$196.9K – $262.5K
NOI $15,751 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Renaissance Vilage
Charitable Organization
east2westtaxservice
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Versatile commercial space with an adaptable layout positioned along a well-traveled corridor facing Grosse Pointe Park.
Where is this storefront property located?
The property is located at 15535 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: 1,000+ SF commercial space positioned along a well‑traveled corridor facing Grosse Pointe Park; Currently zoned for commercial use; Versatile space suited for retail, professional offices, or personal service businesses
