21003 Mack AveGrosse Pointe Woods, MI 48236

Property Details for 21003 Mack Ave

Year built

1957

Lot size

0.22 AC

Property size (Sq ft)

4,943 SF

Zone code

C

Property type

Medical offices

Property subtype

Medical centers

APN

40 003 06 0086 300

APU

40003060086300

Description

This exceptional Grosse Pointe Woods medical office building, located at 21003-21015 Mack Avenue, offers 4,800 square feet of space, divisible into three suites, each a minimum of 760 square feet. The property boasts a convenient corner lot location on desirable Mack Avenue in Wayne County, Michigan, zip code 48236. The single-story building features 24 dedicated parking spaces, a significant advantage for both staff and clients. The flexible C-Commercial Business zoning allows for a variety of uses, beyond its most recent configuration as a radiology, x-ray, mammography, MRI, and imaging center. The entire 4,800 square feet is currently vacant and available for immediate occupancy. This presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The property is available for sale or lease, and serious offers will be considered. The building's address is 21003-21015 Mack Ave, Grosse Pointe Woods, MI 48236. Wayne County APN: 003-06-0086-300.

• CAP approach

  CAP return

  Valuation

  6%

  $985,735

  6.5%

  $909,909

  7%

  $844,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,368

  Geo Method

  $462,368

• Alternative Use

  Use

  Valuation

  Residential

  $1,128,288

  Hospitality

  $1,033,505

  Educational

  $859,864

  Medical

  $889,436

  Retail

  $1,337,567

Location Insight

City

Grosse Pointe Woods

County

Wayne

State

Michigan

Latitude

42.4482

Longitude

-82.9062

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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