13001 Mack AveDetroit, MI 48215

Property Details for 13001 Mack Ave

Year built

1968

Lot size

0.25 AC

Property size (Sq ft)

2,250 SF

Zone code

B4

Property type

Auto shops

APN

21001307-12

APU

2100130712

Description

This 2,500 square foot, single-story auto shop located at 13001 Mack Avenue in Detroit, Michigan, presents a compelling investment opportunity. Priced at $199,000 ($79.95 per square foot), this property boasts a prime corner location with excellent frontage and exposure on Mack Avenue. The building features three bays, ideal for automotive repair or related businesses. Situated on a 10,941 square foot lot, the property offers significant redevelopment potential. The property is classified as retail, with subtypes including auto shop, storefront, and office, providing versatility for various uses. This owner-user investment opportunity requires 24-hour notice for showings. Don't miss this chance to acquire a well-positioned commercial property in a high-traffic area of Detroit. Schedule your showing today.

• CAP approach

  CAP return

  Valuation

  6%

  $595,019

  6.5%

  $549,248

  7%

  $510,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $530,372

  Geo Method

  $530,372

• Alternative Use

  Use

  Valuation

  Residential

  $463,312

  Hospitality

  $424,391

  Educational

  $353,088

  Medical

  $365,231

  Retail

  $549,248

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.385

Longitude

-82.9617

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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