Eight-Room Office
For Sale
Contact for pricing
430 Mack Avenue, Detroit, MI 48201
Second-level office space includes shared reception, a separate waiting area, and access to a private parking lot.
Property Size7,007 SF
Price / SF$0.86
Days on Market25
Property Features for 430 Mack Avenue
General Information
Standard status
Active
Size
7,007 SF
Property subtype
Commercial
Site & Location
Neighborhood
Brush Park
Additional Details
Floor
2
Property Use
Office
Amenities
shared reception area
separate lobby/waiting room
prominent building signage
Building Details
Year Built
1958
Construction
brick
Listing Agency:
Clients First, REALTORSAE;
(734) 981-2900
Listed By:
Damarcus Kaigler
(313) 787-1071
Source:
Goodhomemi
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 3:59PM
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 Clients First, REALTORSAE;
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Investment Insights
Based on property information with market context.
This office suite occupies the second level of a brick building and contains 8 rooms. Shared facilities include a reception area, a separate lobby and waiting room, and two bathrooms. The building also provides a private parking lot and prominent signage.
At 430 Mack Avenue, the property sits at the corner of Mack Avenue and Brush Street in Detroit. The building was constructed in 1958 and has a listed property size of 7,007 square feet.
At 430 Mack Avenue, the property sits at the corner of Mack Avenue and Brush Street in Detroit. The building was constructed in 1958 and has a listed property size of 7,007 square feet.
Key Highlights
- Eight‑room office suite on the second level
- Shared reception area and separate lobby/waiting room
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,987
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,740
$1.4M
Cap Rate 7%
$1,014,100
$1.0M
Cap Rate 9%
$788,744
$788.7K
Market Conditions
NOI Build-Up for 7,007 SF
Gross rent
$122.8K $17.52/SF
− Vacancy
−$28.1K −$4.01/SF
EGI
$94.6K $13.51/SF
− OpEx
−$23.7K −$3.38/SF
NOI
$71.0K $10.13/SF
Area
Detroit, MI
Vacancy
22.90%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,740
Cap Rate 7%
$1,014,100
Cap Rate 9%
$788,744
Alternative Uses
Best Use
Office B
$1.01M
$887.3K – $1.18M
NOI $70,987 @ 7.0% cap · market cap 1,183.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,204 @ 7.0% cap · market cap 1,803.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,224
Businesses Nearby
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Business Placement
Demographics for 48201, MI
14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
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Market
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
What type of property is this?
Office unit - Second-level office space includes shared reception, a separate waiting area, and access to a private parking lot.
Where is this office unit located?
The property is located at 430 Mack Avenue Detroit, MI.
What are key features of this property?
This property features: Eight‑room office suite on the second level; Shared reception area and separate lobby/waiting room; Two bathrooms
