Grosse Pointe Retail
20419 Mack Ave, Grosse Pointe, MI 48236
For Sale
Contact for pricing
Retail space available for sale in Grosse Pointe.
Property Size3,278 SF
Price / SF$282.18
Days on Market995
Property Features for 20419 Mack Ave
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Anthony J. Vitale · License MI #6505422306
(248) 488-2620
Source:
Crexi
Added: Feb 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:28AM
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 Landmark Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 3,278-square-foot retail space available for sale. Located in Grosse Pointe, Michigan, this property presents a retail opportunity.
Key Highlights
- No property information was provided to generate selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,060
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,200
$621.2K
Cap Rate 7%
$443,714
$443.7K
Cap Rate 9%
$345,111
$345.1K
Market Conditions
NOI Build-Up for 3,278 SF
Gross rent
$47.2K $14.40/SF
− Vacancy
−$2.8K −$0.86/SF
EGI
$44.4K $13.54/SF
− OpEx
−$13.3K −$4.06/SF
NOI
$31.1K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,200
Cap Rate 7%
$443,714
Cap Rate 9%
$345,111
Alternative Uses
Best Use
Retail
$443.7K
$388.3K – $517.7K
NOI $31,060 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 31%
Shops & Services 27%
Home Improvements & Furnishings 1%
Kroger
Groceries
44,028 visits/mo
0.1 miles
Mobil
Shops & Services
15,795 visits/mo
0.3 miles
Starbucks
Dining
11,830 visits/mo
0.5 miles
The Original Pancake House
Dining
9,689 visits/mo
0.2 miles
Big Boy
Dining
4,972 visits/mo
0.3 miles
Demographics for 48236, MI
31,286
Population
13,078
Households
2.4
Avg Household Size
45
Median Age
68%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
4,171
Density / Sq Mi
$130,776
Median Household Income
$69,959
Median Earnings
$1,588
Median Rent
$353,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Wayne County, MI
Properties on Market for Retail space in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale in Grosse Pointe.
Where is this retail space located?
The property is located at 20419 Mack Ave Grosse Pointe, MI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: No property information was provided to generate selling points.
