Financial
Distress signals
Property profile

12950 Mack Ave Detroit, MI 48215

FOR SALE
Auto shops
Property ID
US43-1075027
2,058 SF 0.2 ac lot Built 1949
Last sale Mar 2021 · $150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2024$37k
Effective rate5.13%

Value estimate

· Sep 2026
$135k
$122k – $149k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$765
Operating expenses−$4k
NOI · 4.01% cap applied$10k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$61/SF
Submarket average, outlier-cleaned · 279 recorded sales of this use type
Observed band · Q1–Q3$29 – $104
Qualifying comparables5

Cap rate analysis

How does the asset earn?
4.01%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.9
Dental Office15.5
Realty agency14.8

Location

12950 Mack Ave Detroit, MI 48215
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14500 Charlevoix, Detroit, MI 48215-2507 $2,211 May 2025 1,920 SF
12914 Mack, Detroit, MI 48215-2203 $150,000 Mar 2021 1,950 SF
12610 Warren, Detroit, MI 48215-2057 $600,000 Jan 2021 1,356 SF
13001 Mack, Detroit, MI 48215-2414 $100,000 Jan 2021 2,250 SF
12901 Mack, Detroit, MI 48215-2202 $20,000 Dec 2018 2,016 SF
14535 Warren, Detroit, MI 48215-2133 $42,100 Oct 2018 1,614 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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