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    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
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    Blend (final) Blend
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    Owner & transaction history
    Minkara Realty Co LLC · 21 yrs held
    Minkara Realty Co LLC
    since 2005
    5 recorded transactions
    2024
    2022
    2016
    2005
    1969
    Zoning & alternative use
    R-01 · Grosse Pointe, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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