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    Property profile & analytics
    OFF-MARKET Estimated value $1,750,000
    Office buildings

    19299 Mack Ave, Grosse Pointe Woods, MI 48236-2832

    10,690 SF 1.04 ac lot Built 1965
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1308806
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Construction FRAME
    Total area 10,690 SF
    Lot 1.04 ac (45,302 SF)
    Zoning code C-2
    APN 40 015 99 0002 300
    UPID US43-1308806
    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
    $1.78M
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.75M
    Owner & transaction history
    Vdg 19299 Mack LLC · 2 yrs held
    Vdg 19299 Mack LLC
    since 2023
    Last sale
    $2.0M
    1 recorded transaction
    2023
    $2.0M
    Zoning & alternative use
    C-2 · Grosse Pointe Woods, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $2.4M +270.5%
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