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    13031 Mack Ave Detroit, MI 48215

    Sponsored
    For Sale
    $575,000

    Prime Detroit Restaurant, 2120 SF

    Property size:
    2,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 2,120 square foot restaurant space at 13031 Mack Ave in Detroit, Michigan is available for $575,000. Built in 1933, this property sits on a 1,606 square foot lot and is zoned B4. The asking price equates to $271.23 per square foot. The building is fully equipped for restaurant operations, featuring a modern buildout, a new HVAC system, and a 10-foot hood. A billboard lease is currently in place, offering additional income potential. Located in Wayne County, Michigan, zip code 48215, this property benefits from its proximity to attractions like Belle Isle Park and a vibrant mix of shops and restaurants. This presents a unique opportunity for investors to capitalize on Detroit's thriving retail market and become part of the city's ongoing revitalization. The property's strategic location and existing restaurant infrastructure make it an ideal investment for a new or expanding food service business. This fully equipped space is ready for immediate occupancy.

    Property Features for 13031 Mack Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,120 SF

    Building Details

    Year Built
    1933

    HighLights

    • Fully equipped restaurant with modern buildout.
    • Existing billboard lease.
    • New HVAC system installed.
    • 10‑foot hood system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maison's Fine Food American Restaurant Good Brunch Matters Brunch Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.961321
    Latitude
    42.3850291

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    FAQs

    What type of property is this?
    Restaurant - Prime Detroit Restaurant, 2120 SF
    Where is this restaurant located?
    The property is located at 13031 Mack Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Fully equipped restaurant with modern buildout.; Existing billboard lease.; New HVAC system installed.
    Request Owner's contact information
    13031 Mack Ave Detroit, MI 48215
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    Detroit, MI 48215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13031 Mack Ave Detroit, MI 48215
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