20419 Mack AveGrosse Pointe, MI 48236
- Retail properties
- 3,320 SF
Property Details for 20419 Mack Ave
- Year built
- 1954
- Construction
- FRAME
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 3,320 SF
- Zone code
- C
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 40 007 04 0009 000
- APU
- 40007040009000
Description
This exceptional 3,278-square-foot freestanding retail building is ideally situated in the heart of Grosse Pointe Woods, Michigan. Its prominent location ensures high visibility and strong brand recognition. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a dedicated space. The building sits on a 0.14-acre lot and is zoned C (Commercial), allowing for a variety of retail uses. A significant advantage is the ample parking available, including six dedicated spaces and additional street-front parking. This makes it highly attractive to customers and employees alike. The entire 3,278 square feet is currently vacant, presenting a blank canvas for a new tenant to customize and develop. The building's strong visual presence and convenient parking make it an exceptional opportunity for a business looking to establish a strong foothold in this desirable Grosse Pointe Woods location within Wayne County. This is a rare opportunity to secure a highly visible and conveniently located retail space with ample parking. The property is available for lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $945,896
- 6.5%
- $873,135
- 7%
- $810,768
-
Comparable approach
- Method
- Valuation
- Relative Method
- $782,593
- Geo Method
- $782,593
-
Alternative Use
- Use
- Valuation
- Residential
- $736,522
- Hospitality
- $674,650
- Educational
- $561,301
- Medical
- $580,605
- Retail
- $873,135
Location Insight
- City
- Grosse Pointe Woods
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4394
- Longitude
- -82.9082
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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