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    12950 Mack Ave Detroit, MI 48215

    Sponsored
    For Sale
    $249,900

    Detroit Corner Store, 2058 SF

    Property size:
    2,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Detroit commercial property, located at 12950 Mack Avenue, offers 2,058 square feet of versatile space on a 0.2-acre lot. Built in 1950, this single-story building features a three-bay garage and boasts excellent frontage and exposure at the corner of Mack and Dickerson. Currently zoned commercial, the property presents numerous potential uses, including an auto shop, convenience store, or storefront. The asking price is $249,900. A land contract option is available with a $50,000 down payment and $2,500 monthly payments. Proof of funds is required for showings, and 24-hour notice is needed for scheduling. The property's APN is W21I001083C7. This is a prime opportunity for investors seeking a high-visibility location in a busy Detroit commercial area. The property consists of one unit within a single building.

    Property Features for 12950 Mack Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,058 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Excellent corner lot at 12950 Mack Avenue, Detroit.
    • 2,058 SF single‑story building with three‑bay garage.
    • High visibility with great frontage and exposure.
    • Suitable for various commercial uses.
    • $249,900 asking price; land contract available with $50,000 down and $2,500 monthly payments.
    • Proof of funds required for showings; 24‑hour notice needed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -82.9621907
    Latitude
    42.3842258

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    FAQs

    What type of property is this?
    Individual retail property - Detroit Corner Store, 2058 SF
    Where is this individual retail property located?
    The property is located at 12950 Mack Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Excellent corner lot at 12950 Mack Avenue, Detroit.; 2,058 SF single-story building with three-bay garage.; High visibility with great frontage and exposure.
    Request Owner's contact information
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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
    12950 Mack Ave Detroit, MI 48215
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