20835 Mack AveGrosse Pointe Woods, MI 48236
- Healthcare properties
- 4,335 SF
Property Details for 20835 Mack Ave
- Year built
- 1962
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 4,335 SF
- Zone code
- C
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 40 003 99 0010 000
- APU
- 40003990010000
Description
This exceptional 10,571 square foot medical office building, situated at 20825-20853 Mack Avenue in Grosse Pointe Woods, Michigan, presents a rare opportunity. Built in 1990 and extensively renovated in 2019, the single-story building offers multiple tenancy options with a minimum divisible space of 4,721 square feet. The property boasts 60 convenient parking spaces, a significant advantage in this high-demand area. Located at the intersection of Mack Avenue and Hollywood Avenue, within the desirable "The Pointes" submarket and close to the St. Clair Shores submarket cluster, this location offers excellent visibility and accessibility. The building is conveniently located within walking distance of a new retail center featuring anchor tenants such as Starbucks and Estia, further enhancing its appeal and attracting a high volume of foot traffic. The property is adjacent to Orange Theory Fitness, providing synergistic benefits. Planned facade improvements are scheduled for 2024, ensuring the building maintains its modern and attractive appearance. This is an ideal investment for medical professionals seeking a well-maintained, conveniently located, and highly visible space in a thriving community. The property's zip code is 48236.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $840,354
- 6.5%
- $775,712
- 7%
- $720,304
-
Comparable approach
- Method
- Valuation
- Relative Method
- $405,496
- Geo Method
- $405,496
-
Alternative Use
- Use
- Valuation
- Residential
- $961,882
- Hospitality
- $881,079
- Educational
- $733,047
- Medical
- $758,258
- Retail
- $1,140,296
Location Insight
- City
- Grosse Pointe Woods
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4462
- Longitude
- -82.9071
- 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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