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    12941 Mack Ave Detroit, MI 48215

    For Sale
    $79,000

    Prime Detroit Retail Space. High Visibility. Owner/User Opportunity.

    Property size:
    1,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,206 square foot storefront, located at 12941 Mack Avenue in Detroit, Michigan, presents a compelling redevelopment opportunity. Built in 1951, this single-unit retail property boasts excellent frontage and exposure on Mack Avenue, offering significant visibility for any business. The asking price is $79,000. This corner property presents a rare chance to capitalize on its high-traffic location. The property's strategic position allows for significant street frontage, potentially exceeding 250 feet with the acquisition of an adjacent property, also available for sale. This presents a unique opportunity to expand the footprint and maximize the potential of this already desirable location. Serious inquiries only

    Property Features for 12941 Mack Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,206 SF

    Building Details

    Year Built
    1951
    Units
    1

    HighLights

    • 1,206 SF storefront redevelopment opportunity at 12941 Mack Ave, Detroit, MI.
    • Excellent Mack Avenue frontage and visibility.
    • $79,000 asking price.
    • Adjacent property also available for sale, potentially expanding frontage to over 250 feet.
    • High‑traffic corner location.
    • 24‑hour notice required for showings.
    Property Profile Insight Report 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
    -82.9623167
    Latitude
    42.3848071

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    FAQs

    What type of property is this?
    Individual retail property - Prime Detroit Retail Space. High Visibility. Owner/User Opportunity.
    Where is this individual retail property 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: 1,206 SF storefront redevelopment opportunity at 12941 Mack Ave, Detroit, MI.; Excellent Mack Avenue frontage and visibility.; $79,000 asking price.
    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
    12941 Mack Ave Detroit, MI 48215
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