Entity Owned Property summary
This exceptional 1,994 square foot auto shop, located at 12901 Mack Avenue in Detroit, Michigan, presents a compelling investment opportunity. Built in 1949, this retail property offers significant redevelopment potential for a discerning buyer. The property boasts excellent frontage and exposure on Mack Avenue, providing high visibility for any business. A key advantage is the availability of an adjacent property for sale, presenting the possibility of acquiring over 250 feet of frontage on Mack Avenue. This would significantly expand the potential footprint and value of the overall investment. The asking price is $79,000. The property is classified as an owner/user investment. Please note that a 24-hour notice is required for showings. This is a highly sought-after location and this opportunity is unlikely to remain available for long. Serious inquiries are encouraged to schedule a viewing promptly.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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