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    20419 Mack Ave Grosse Pointe Woods, MI 48236

    Sponsored
    For Sale
    $925,000

    Prime Mack Ave location, vacant, 3,278 SF.

    Property size:
    3,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 20419 Mack Avenue in Grosse Pointe Woods, Michigan, presents a unique investment opportunity. The 3,278 square foot building sits on a 0.14-acre lot and is zoned C (Commercial), allowing for a variety of retail uses. Currently vacant, this freestanding structure offers significant visibility and a prominent street presence on a busy thoroughfare. A key advantage is the ample parking available, including six dedicated spaces and additional street parking. This makes it highly attractive to potential tenants seeking convenient access for customers. The asking price for this property is $925,000. The property is offered as a Net, Net, Net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. Its location in the heart of Grosse Pointe Woods provides excellent access to a strong local customer base. The building's prominent image and ample parking make it an ideal location for a variety of retail businesses seeking high visibility and convenient customer access. This is a rare opportunity to acquire a well-positioned retail space in a desirable Michigan community. The property's size, location, and parking make it a compelling investment prospect. Serious inquiries are encouraged. The zip code is 48236, and the property is situated in Wayne County.

    Property Features for 20419 Mack Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,278 SF
    Lot Size
    6,098 SF

    HighLights

    • $925,000 asking price for this vacant retail property.
    • 3,278 square feet on a 0.14‑acre lot.
    • NNN lease type.
    • High visibility freestanding building in Grosse Pointe Woods, MI, with prominent street presence.
    • Six dedicated parking spaces plus additional street parking.
    • C (Commercial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    beautiLofts Hair Salon NLDC Workroom Interior Designer Banfield Pet Hospital Veterinarian

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Woods
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9081108
    Latitude
    42.4393642

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      Gourmet Seafood Market For Sale

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    Nearby Similar for Sale

    • $439,000

      Gourmet Seafood Market For Sale

      Upscale seafood market with established clientele, Mack Avenue location.
      19531 Mack Ave Ave, Grosse Pointe Woods, MI 48236
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    • $925,000
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      Freestanding Building in Grosse Pointe

      Highly visible building with rare parking in Grosse Pointe Woods.
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    FAQs

    What type of property is this?
    Retail property - Prime Mack Ave location, vacant, 3,278 SF.
    Where is this retail property located?
    The property is located at 20419 Mack Ave Grosse Pointe Woods, MI.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: $925,000 asking price for this vacant retail property.; 3,278 square feet on a 0.14-acre lot.; NNN lease type.
    Request Owner's contact information
    20419 Mack Ave Grosse Pointe Woods, MI 48236
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    Grosse Pointe Woods, MI 48236
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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
    20419 Mack Ave Grosse Pointe Woods, MI 48236
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