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Property profile & analytics
OFF-MARKET Estimated value $435,000
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
$435k
Owner & transaction history
Vdg Mack Ave LLC · 7 yrs held
Vdg Mack Ave LLC
since 2019
2 recorded transactions
2019
Price N/A
2013
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
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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