19299 Mack Ave Grosse Pointe Woods, MI 48236-2832
- Office buildings
- 10,690 SF
- 1.04 lot acres
Jul 12, 2023
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
-
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
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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