12950 Mack Ave Detroit, MI 48215
- Auto shops
- 2,058 SF
- 0.20 lot acres
Current Use by Public Records
- Auto shops
Property Details for 12950 Mack Ave
- Year built
- 1949
- Lot size
- 0.20 lot acres
- Property size
- 2,058 SF
- Zone code
- B4
- Property type
- Auto shops
- APN
- 21001083-7
- APU
- 210010837
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $175,000
- 6.5%
- $160,000
- 7%
- $160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $150,000
- Geo Method
- $130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $135,000
- Retail
- $145,000
- Mixed-Use
- $150,000
- Hospitality
- $170,000
- Educational
- $155,000
- Residential Income
- $140,000
- Energy
- $165,000
- Income-Based Land
- $140,000
- Food Service
- $130,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9621
- Latitude
- 42.3843
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
