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

    Value Estimations
    $1,750,000
    Show details
    Cap Rate Potential
    4.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    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
    • CAP approach

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

      Method
      Estimation
      Statistic Estimate
      $1,086,000
      Market price range: $272k - $1.09M
      AI Estimate
      $1,086,000
      Market price range: $280k - $1.09M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,440,000

    Get a detailed, property-specific estimation — 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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