Mixed-Use Building with
New
For Sale
$699,000
26717 LITTLE MACK Ave, St Clair Shores, MI 48081
Four commercial units and a residence are supported by two parking areas on the property.
Property Size7,600 SF
Days on Market2
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Property Features for 26717 LITTLE MACK Ave
General Information
Standard status
Active
Size
7,600 SF
Total Parking Spaces
42
Property subtype
Commercial
Site & Location
Frontage
334 ft
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$14,060
Building Details
Building Size
7,600 SF
Year Built
1870
Buildings
1
Construction
Victorian
Tenancy
Multi
Listing Agency:
Jim Saros Real Estate Services
Listed By:
James B Saros · License #6501398798
(313) 886-9030
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:35AM
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 Jim Saros Real Estate Services
Investment Insights
Based on property information with market context.
This Victorian mixed-use property includes four commercial units and a penthouse apartment, with a floor plan that can accommodate up to nine commercial tenants. The apartment occupies the second and third levels and includes a living room, dining room, kitchen, three bedrooms, a full bath, an office, a sauna, and a four-season rooftop deck. Building updates include electrical and plumbing systems, HVAC, parking areas, and a newer roof.
The site spans more than 0.55 acres and has 334 feet of frontage on Little Mack Avenue. Two parking lots provide 42 spaces. National retailers and major freeways are nearby. The property was built in 1870.
The site spans more than 0.55 acres and has 334 feet of frontage on Little Mack Avenue. Two parking lots provide 42 spaces. National retailers and major freeways are nearby. The property was built in 1870.
Key Highlights
- More than 0.55 acres with 334 feet of frontage on Little Mack Avenue
- Four commercial units and one penthouse apartment; floor plan allows for up to 9 commercial tenants
- Two parking lots with 42 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,179
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,580
$1.1M
Cap Rate 7%
$802,557
$802.6K
Cap Rate 9%
$624,211
$624.2K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$91.2K $12.00/SF
− Vacancy
−$10.9K −$1.44/SF
EGI
$80.3K $10.56/SF
− OpEx
−$24.1K −$3.17/SF
NOI
$56.2K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,580
Cap Rate 7%
$802,557
Cap Rate 9%
$624,211
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,599 @ 7.0% cap · market cap 14.25%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,288 @ 7.0% cap · market cap 12.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Beauty & Spa 7%
7-Eleven
Shops & Services
13,471 visits/mo
0.5 miles
Huntington Bank
Shops & Services
7,186 visits/mo
0.0 miles
Cosmoprof
Beauty & Spa
1,502 visits/mo
0.0 miles
Demographics for 48081, MI
20,496
Population
9,669
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
5,255
Density / Sq Mi
$75,735
Median Household Income
$51,140
Median Earnings
$1,272
Median Rent
$202,400
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial units and a residence are supported by two parking areas on the property.
Where is this mixed-use property located?
The property is located at 26717 LITTLE MACK Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: More than 0.55 acres with 334 feet of frontage on Little Mack Avenue; Four commercial units and one penthouse apartment; floor plan allows for up to 9 commercial tenants; Two parking lots with 42 spaces
