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    Property profile & analytics

    15506 Mack Ave Grosse Pointe Park, MI 48230-6206

    • Turn key restaurants
    • 2,996 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Jan 30, 2024
    $250,000
    Location Intelligence
    Property ID
    US43-0521404
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Cracked Egg of Grosse Pointe / Breakfast Restaurant / Brunch Restaurant

    Property Details for 15506 Mack Ave

    Year built
    1946
    Construction
    CONCRETE BLOCKS
    Lot size
    0.13 lot acres
    Property size
    2,996 SF
    Property type
    Turn key restaurants
    APN
    39 007 02 0002 001
    APU
    39007020002001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $360,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $390,000
      Mixed-Use
      $375,000
      Hospitality
      $410,000
      Educational
      $310,000
      Residential Income
      $405,000
      Energy
      $345,000
      Income-Based Land
      $390,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Park
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9401
    Latitude
    42.3884
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,258
    $0.00
    $0.00
    $159,000
    -
    $0.00
    $0.00
    $318,000

    Comparable in this City

    • Value Estimation by Request
      16,164 SF

      369 Fisher Rd

      RESTAURANT • 16,164 SF
      369 Fisher Rd, Grosse Pointe, MI 48230-1602
      View Details
    • Value Estimation by Request
      3,240 SF

      16930 Kercheval Ave

      RESTAURANT • 3,240 SF
      16930 Kercheval Ave, Grosse Pointe Park, MI 48230-1533
      View Details
    • Value Estimation by Request
      1,956 SF

      16624 Mack Ave

      RESTAURANT • 1,956 SF
      16624 Mack Ave, Grosse Pointe Park, MI 48230-6219
      View Details
    • Value Estimation by Request
      1,505 SF

      15110 Mack Ave

      RESTAURANT • 1,505 SF
      15110 Mack Ave, Grosse Pointe Park, MI 48230-6202
      View Details
    • Value Estimation by Request
      920 SF

      15108 Kercheval Ave

      RESTAURANT • 920 SF
      15108 Kercheval Ave, Grosse Pointe Park, MI 48230-1360
      View Details
    • Value Estimation by Request
      2,700 SF

      15134 Mack Ave

      RESTAURANT • 2,700 SF
      15134 Mack Ave, Grosse Pointe Park, MI 48230-6202
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space on Mack Avenue

      Highly visible retail space with storefront and rear parking.
      17640 Mack Ave, Grosse Pointe, MI 48230
      View Details
    • Contact for pricing

      Grosse Pointe Commercial Space Available

      Commercial property available for rent in Grosse Pointe, Michigan.
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      View Details
    • $3,500 /Mo

      Medical Office Space Available

      Professional medical building with exam rooms for lease.
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      View Details
    • $550 /Mo

      Grosse Pointe Village Office Suite

      Office suite in vibrant Grosse Pointe's village district.
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    • $2,000 /Mo

      Grosse Pointe Park Office Suite

      Office suite with private offices and conference room for rent.
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    • $17 SF/Yr
      57,040 SF

      Grosse Pointe Medical Office Suite

      Prime Medical Office Space Available
      16815 Jefferson Ave, Grosse Pointe, MI 48230
      View Details
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    Grosse Pointe Park, MI 48230-6206
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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
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