Building Details

Year Built 1951

Listing Agency: Own It Realty S***@ownit2020.com Show Phone

Listed By: Hassan Scheib · License #MI 6502399271

Source: Crexi

Added: Jan 9, 2022 Changed: Jul 6 Last Checked: Aug 6 at 5:15AM

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Investment Insights

Based on property information with market context.

This corner property presents an excellent opportunity for redevelopment. It features frontage and exposure on Mack Avenue. An additional adjacent property is available for sale, offering the potential for over 250 feet of frontage on Mack Avenue. The property size is 1206 square feet.

Key Highlights

• Excellent redevelopment opportunity.
• Corner property location.
• Great frontage and exposure on Mack Ave.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

Explore this area Business Placement

Demographics for 48215, MI

10,520

Population

6,044

Households

1.7

Avg Household Size

41

Median Age

19%

College-Educated

85%

High-School Grad

3.9 sq mi

ZIP Area

2,697

Density / Sq Mi

$33,741

Median Household Income

$36,728

Median Earnings

$897

Median Rent

$105,400

Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Retail space - Redevelopment opportunity with frontage and exposure on Mack Avenue.

Where is this retail space located?

The property is located at 12941 Mack Ave Detroit, MI.

What is the asking price?

The asking price for this property is $79,000.

What are key features of this property?

This property features: Excellent redevelopment opportunity.; Corner property location.; Great frontage and exposure on Mack Ave.