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    12661 Mack Ave Detroit, MI 48215

    For Sale
    $700,000

    Detroit QSR, Vacant, Redevelopment Potential

    Property size:
    1,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This vacant 1,522 square foot quick-service restaurant (QSR) building in Detroit, Michigan, presents a compelling owner-user or redevelopment opportunity. Located at 12661 Mack Avenue, this fee-simple property sits on a 0.31-acre lot and boasts a drive-thru lane, a significant advantage for future QSR operations. The property is zoned B-4 General Business, allowing for diverse uses. Built in 1997, the building's asking price is $700,000 ($459.92/sq ft). Its prime location along Mack Avenue (12,400 vehicles per day), near the intersection of Conner Street (41,500 VPD), and with convenient access to Interstate 94 (148,000 VPD), ensures high visibility and accessibility. The property benefits from its proximity to Stellantis' Detroit Assembly Complex, a major employer with over 5,000 workers, and a recent $900 million investment in plant modernization. The strong demographics of the 5-mile trade area, including over 247,098 residents and 72,968 employees, and an average household income of $76,456, further enhance its appeal. The 2023 property tax bill was $2,852. This location offers limited QSR competition, presenting a unique chance to capture market share. The property is currently vacant, offering immediate occupancy for redevelopment or owner-user purposes.

    Property Features for 12661 Mack Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,522 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1997

    HighLights

    • $700,000 asking price for a 1,522 SF vacant QSR building on a 0.31‑acre lot.
    • Fee simple ownership of land and building, located at 12661 Mack Ave, Detroit, MI 48215.
    • B‑4 General Business zoning allows for diverse redevelopment options.
    • Former national QSR site with existing drive‑thru.
    • High traffic location on Mack Ave (12,400 VPD), near Conner St (41,500 VPD) and I‑94 (148,000 VPD).
    • Excellent redevelopment opportunity due to proximity to Stellantis Detroit Assembly Complex (5,000+ employees) and strong demographics in the 5‑mile trade area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9658869
    Latitude
    42.3842235

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    FAQs

    What type of property is this?
    Restaurant - Detroit QSR, Vacant, Redevelopment Potential
    Where is this restaurant located?
    The property is located at 12661 Mack Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price for a 1,522 SF vacant QSR building on a 0.31-acre lot.; Fee simple ownership of land and building, located at 12661 Mack Ave, Detroit, MI 48215.; B-4 General Business zoning allows for diverse redevelopment options.
    (248) 688-0630
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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
    12661 Mack Ave Detroit, MI 48215
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