Property profile

20195 Mack Ave Grosse Pointe Woods, MI 48236

OFF-MARKET
Drive through restaurants
Property ID
US43-1333331
2,194 SF 0.16 ac lot Built 1992
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully equipped, 2,194 square foot restaurant space located at 20195 Mack Avenue in Grosse Pointe Woods, Michigan, 48236. The property, zoned for commercial use, is offered at $1,000,000, translating to $38 per square foot. This freestanding building enjoys a highly visible corner location, a significant advantage for attracting customers. The former Boston Market location boasts a rare and desirable feature: ten dedicated parking spaces, supplemented by readily available metered street parking. The building has been vacant, presenting a blank canvas for a new culinary venture or a repositioning of the existing space. This is an absolute NNN lease type property. The property's prime location in the heart of Grosse Pointe Woods, coupled with its ample parking and established restaurant infrastructure, makes it an attractive proposition for discerning investors and restaurateurs. This is a unique opportunity, as the property has not been on the market for decades, representing a rare chance to acquire a well-situated commercial property in a thriving community. The building's size and layout are ideal for a variety of restaurant concepts.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1992
Construction FRAME
Total area 2,194 SF
Lot 0.16 ac (6,970 SF)
Zoning code C
APN 40 011 01 1554 000
UPID US43-1333331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement General Contractor

Location

20195 Mack Ave Grosse Pointe Woods, MI 48236-1821
Grosse Pointe Woods metro Census 551200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

C · Grosse Pointe Woods, MI
Zoning description

The C commercial business district is intended to be that permitting retail business and service uses which are needed to serve the nearby residential areas, In order to promote such business development insofar as it is…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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