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Property profile & analytics

19299 Mack Ave Grosse Pointe Woods, MI 48236-2832

  • Office buildings
  • 10,690 SF
  • 1.04 lot acres
OFF-MARKET
Last Sale
Jul 12, 2023
$2,000,000
Value Estimations
$2,510,000
Show details
Cap Rate Potential
4.6%
Office buildings
Location Intelligence
Property ID
US43-1308806
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

  • Heller Diana / Insurance Agency
  • Bloom Rena / Insurance Agency
  • Miller John / Insurance Agency
  • AAA Grosse Pointe / Travel Agency
  • Aaa Insurance: Hines Verna / Insurance Agency

Property Details for 19299 Mack Ave

Year built
1965
Construction
FRAME
Lot size
1.04 lot acres
Property size
10,690 SF
Zone code
C-2
Property type
Office buildings
APN
40 015 99 0002 300
APU
40015990002300

Description

This exceptional 10,690 square foot medical office building presents a unique investment opportunity in the thriving Grosse Pointe Woods, Michigan market. Located at 19299 Mack Avenue, this single-tenant property sits on a 1.04-acre lot and offers unparalleled visibility and accessibility. Its prime location at the foot of Ascension St. John Hospital ensures high traffic and a strong patient base. The building's strategic placement along the busy Mack Avenue corridor, between Detroit and St. Clair Shores, provides convenient access for patients and employees alike. The entire 10,690 square feet is currently vacant, presenting a blank canvas for a discerning buyer to customize and develop. The property's ample parking further enhances its appeal, making it an ideal location for a variety of medical practices or other office uses. Wayne County location and a 48236 zip code add to its desirability. This property offers a rare chance to acquire a substantial building in a high-demand area with significant potential for growth and return on investment. The combination of size, location, and vacancy makes this a truly remarkable opportunity. The property is classified as Retail, Restaurant, and Office, but is currently being marketed as a medical office building.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,535,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,925,000
    6.5%
    $1,775,000
    7%
    $1,650,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Grosse Pointe Woods
County
Wayne
State
Michigan
Longitude
-82.9109
Latitude
42.4207
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
2022
$61,798
$0.00
$0.00
$973,900
-
$0.00
$0.00
$1,947,800
More about this property
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