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Property profile & analytics
OFF-MARKET Estimated value $275,000
Medical Office Space

20835 Mack Ave Grosse Pointe Woods, MI 48236-1486

4,335 SF 0.25 ac lot Built 1962
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-1320058
Property summary
AI-generated overview

This exceptional 10,571 square foot medical office building, situated at 20825-20853 Mack Avenue in Grosse Pointe Woods, Michigan, presents a rare opportunity. Built in 1990 and extensively renovated in 2019, the single-story building offers multiple tenancy options with a minimum divisible space of 4,721 square feet. The property boasts 60 convenient parking spaces, a significant advantage in this high-demand area. Located at the intersection of Mack Avenue and Hollywood Avenue, within the desirable "The Pointes" submarket and close to the St. Clair Shores submarket cluster, this location offers excellent visibility and accessibility. The building is conveniently located within walking distance of a new retail center featuring anchor tenants such as Starbucks and Estia, further enhancing its appeal and attracting a high volume of foot traffic. The property is adjacent to Orange Theory Fitness, providing synergistic benefits. Planned facade improvements are scheduled for 2024, ensuring the building maintains its modern and attractive appearance. This is an ideal investment for medical professionals seeking a well-maintained, conveniently located, and highly visible space in a thriving community. The property's zip code is 48236.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Total area 4,335 SF
Lot 0.25 ac (10,890 SF)
Zoning code C
APN 40 003 99 0010 000
UPID US43-1320058
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Vdg Mack Ave LLC · 7 yrs held
Vdg Mack Ave LLC
since 2019
3 recorded transactions
2021
Price N/A
2019
Price N/A
1969
Price N/A
Zoning & alternative use
C · Grosse Pointe Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 possible and appropriate in each area, uses are prohibited which would create hazards, offensive and loud noises, vibration, smoke, glare,…

Zone name Commercial Business
General category COMMERCIAL
Zone area 30.53 ac
Source Realmo
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