Office Building with Cold
For Sale
$475,000
3177 Mack Ave, Detroit, MI 48207
Commercial office space includes utility room and large cooler and freezer areas, with security system and cameras included.
Property Size5,836 SF
Price / SF$81.39
Days on Market84
Property Features for 3177 Mack Ave
General Information
Standard status
Active
Size
5,836 SF
Taxes and HOA fees
Annual Taxes
$11,188
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Hristo Gueorguiev · License #6501376247
(248) 444-9244
Source:
Exprealty
Added: Jul 23
Changed: Sep 14
Last Checked: Oct 13 at 1:27AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
The property offers nearly 6,000 square feet of commercial office space, along with a utility room and dedicated cold storage improvements. The facility includes an 860-square-foot cooler and a massive 1,200-square-foot freezer, supporting operations that require refrigerated storage. Cameras and a security system are included.
The property is located on Mack Ave in Detroit, with access described as minutes from Downtown Detroit and close to major freeways. The provided mobility scores indicate a very bikeable and walkable area, with good transit as well.
This is a sale offering for a commercial office configuration that also incorporates substantial freezer and cooler capacity, along with on-site utility space and monitored security.
The property is located on Mack Ave in Detroit, with access described as minutes from Downtown Detroit and close to major freeways. The provided mobility scores indicate a very bikeable and walkable area, with good transit as well.
This is a sale offering for a commercial office configuration that also incorporates substantial freezer and cooler capacity, along with on-site utility space and monitored security.
Key Highlights
- Nearly 6,000 SF commercial space in Detroit, built in 1982
- Office space plus utility room
- Cold storage includes an 860 SF cooler and a 1,200 SF freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,586
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,720
$831.7K
Cap Rate 7%
$594,086
$594.1K
Cap Rate 9%
$462,067
$462.1K
Market Conditions
NOI Build-Up for 5,836 SF
Gross rent
$51.1K $8.76/SF
− Vacancy
−$2.2K −$0.38/SF
EGI
$48.9K $8.38/SF
− OpEx
−$7.3K −$1.26/SF
NOI
$41.6K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,720
Cap Rate 7%
$594,086
Cap Rate 9%
$462,067
Alternative Uses
Best Use
Office B
$844.6K
$739.1K – $985.4K
NOI $59,124 @ 7.0% cap · market cap 12.45%
Second Best
Warehouse
$594.1K
$519.8K – $693.1K
NOI $41,586 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,121 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
460
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Commercial office space includes utility room and large cooler and freezer areas, with security system and cameras included.
Where is this refrigerated & cold storage located?
The property is located at 3177 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Nearly 6,000 SF commercial space in Detroit, built in 1982; Office space plus utility room; Cold storage includes an 860 SF cooler and a 1,200 SF freezer
