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Property profile & analytics
FOR SALE
Office buildings

17266 Mack Ave Grosse Pointe, MI 48230

3,504 SF 0.12 ac lot Built 2004
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0366708
Property summary
AI-generated overview

This exceptional single-story executive office building, located at 17266 Mack Avenue in Grosse Pointe, Michigan, presents a compelling investment opportunity. Boasting 3,604 square feet, the property offers a desirable location in Wayne County, with convenient access to amenities and infrastructure. Built in 2004, the building is classified as Class C and sits on a 0.12-acre lot, zoned R-01. The asking price is $749,000, translating to a price per square foot of $207.82 and an attractive 8.50% capitalization rate. Ample parking is provided, with a ratio of 3.61 spaces per 1,000 square feet. The property's strategic location directly adjacent to the newly constructed City Hall adds significant value and potential for future growth. Detailed financial information is available upon request. The property's APN is 37-003-02-0001-001. This presents a rare chance to acquire a well-situated, income-producing asset in a thriving Grosse Pointe community. The building currently operates as a two-tenant office space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 3,504 SF
Lot 0.12 ac (5,227 SF)
Zoning code R-01
APN 37 003 02 0001 001
UPID US43-0366708
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
Minkara Realty Co LLC · 21 yrs held
Minkara Realty Co LLC
since 2005
5 recorded transactions
2024
Price N/A
2022
Price N/A
2016
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
R-01 · Grosse Pointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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More about this property
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