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    OFF-MARKET
    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
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    Owner & transaction history
    Vdg Mack Ave LLC · 7 yrs held
    Vdg Mack Ave LLC
    since 2019
    3 recorded transactions
    2021
    2019
    1969
    Zoning & alternative use
    C · Grosse Pointe Woods, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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