17266 Mack AveGrosse Pointe, MI 48230

Property Details for 17266 Mack Ave

Year built

2004

Lot size

0.12 AC

Property size (Sq ft)

3,504 SF

Zone code

R-01

Property type

Office buildings

APN

37 003 02 0001 001

APU

37003020001001

Description

This exceptional single-story executive office building, located at 17266 Mack Avenue in Grosse Pointe, Michigan, presents a compelling investment opportunity. Boasting 3,604 square feet, the property offers a desirable location in Wayne County, with convenient access to amenities and infrastructure. Built in 2004, the building is classified as Class C and sits on a 0.12-acre lot, zoned R-01. The asking price is $749,000, translating to a price per square foot of $207.82 and an attractive 8.50% capitalization rate. Ample parking is provided, with a ratio of 3.61 spaces per 1,000 square feet. The property's strategic location directly adjacent to the newly constructed City Hall adds significant value and potential for future growth. Detailed financial information is available upon request. The property's APN is 37-003-02-0001-001. This presents a rare chance to acquire a well-situated, income-producing asset in a thriving Grosse Pointe community. The building currently operates as a two-tenant office space.

• CAP approach

  CAP return

  Valuation

  6%

  $630,369

  6.5%

  $581,879

  7%

  $540,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $327,764

  Geo Method

  $327,764

• Alternative Use

  Use

  Valuation

  Residential

  $721,530

  Hospitality

  $660,918

  Educational

  $549,876

  Medical

  $568,787

  Retail

  $855,363

Location Insight

City

Grosse Pointe

County

Wayne

State

Michigan

Latitude

42.3962

Longitude

-82.9207

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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