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    Property profile & analytics
    OFF-MARKET Estimated value $1,240,000
    Office buildings

    21300 Mack Ave, Grosse Pointe Woods, MI 48236-1047

    12,209 SF 0.63 ac lot Built 1968
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1771126
    Property summary
    AI-generated overview

    This exceptional Grosse Pointe Woods property, located at 21316 Mack Avenue, offers 11,920 square feet of versatile commercial space. The single-story building features five suites, with a total of 47 parking spaces available for tenants and their clients. Currently, the property includes a mix of medical, traditional office, and creative office tenants, showcasing its adaptability to various business needs. A significant 2,730 square feet of space is currently vacant, presenting a prime opportunity for expansion or new tenancy. The minimum divisible space is 2,730 square feet, allowing for flexibility in leasing arrangements. The building's prime location on Mack Avenue in Grosse Pointe Woods provides excellent visibility and accessibility, situated directly across from Comerica Bank and neighboring established businesses such as AAA, My Family Dental, and Club Pilates. This strategic location within the Grosse Pointe submarket, and closer to the St. Clair Shores submarket cluster, ensures high traffic and a strong potential for attracting a diverse clientele. The property's classification as Retail, Office, and its subtypes as Medical Office, Traditional Office, and Creative Office, highlight its versatility and suitability for a wide range of businesses. This presents a unique investment opportunity in a thriving commercial area. The property is classified as having multiple tenancies.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1968
    Total area 12,209 SF
    Lot 0.63 ac (27,443 SF)
    Zoning code C
    APN 40 004 99 0003 000
    UPID US43-1771126
    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
    $1.24M
    Blend (final) Blend
    $1.24M
    Owner & transaction history
    Vdg Mack Ave LLC · 7 yrs held
    Vdg Mack Ave LLC
    since 2019
    2 recorded transactions
    2019
    2013
    Zoning & alternative use
    C · Grosse Pointe Woods, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.1M +48.1%
    Restaurant $1.1M +48.0%
    Neighborhood: shopping center $925,000 +22.9%
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