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15523 Mack Avenue #2

Detroit, Michigan 48224

$1,000,000 $4,216/Mo

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Overview

Bed

Bath

10,000

Sqft

0.17

Acre(Lot)

Description

Directly across from Grosse Pointe, 15523 Mack Avenue presents a rare opportunity to acquire a 20-unit mixed-use asset in one of Detroit's most sought-after border markets. The property consists of 18 residential units and 2 commercial spaces positioned along the highly visible Mack Avenue corridor, offering investors immediate scale and significant value-add potential. Located just minutes from Downtown Grosse Pointe, Corewell Health Beaumont Grosse Pointe Hospital, and Downtown Detroit, the property sits in a proven corridor supported by strong residential demand, established commercial activity, and continued public and private investment. Investors have the opportunity to increase value through renovation, lease-up, rent growth, commercial occupancy, operational improvements, and overa ll repositioning of the asset. City-approved redevelopment plans are available for purchase separately, providing a head start for future redevelopment, expansion, or adaptive reuse initiatives. The property may be eligible for Brownfield TIF, OPRA, PILOT programs, SBA financing, and potential 4% LIHTC incentives, creating additional avenues to enhance project feasibility and returns. Opportunities to acquire a mixed-use asset of this size, location, and redevelopment potential are becoming increasingly difficult to find as replacement costs continue to rise and barriers to new development remain high. Combining Grosse Pointe adjacency, Detroit pricing, multiple income streams, redevelopment potential, and appreciation potential, 15523 Mack Avenue offers a compelling opportunity for investors seeking a scalable asset with upside in one of Detroit's strongest border-market locations. Seller may consider Land Contract terms for qualified buyers. Proof of funds and Hold Harmless Agreement required prior to scheduling a showing. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify all information and perform their own due diligence.

Property Details

Property Type : Multifamily

Price : $1,000,000

AD Id : 80038282

MLS Id : 20261040085

Beds : 16

Lot Size : 0.17 Acre

Living Area Size : 10,000

Year Built : 1929

County : Wayne

Subdivision: More Than One Sub Involved

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 20 Full Baths: 20
Room Information

Porches: Breezeway

Interior Features

Roof: Rubber Basement Description: Unfinished,Walk-Out Access,Walk-Up Access
Heating & Cooling

Heating: Radiant,Steam Heating Fuel: Natural Gas

Building Information

Year Built: 1929 Building Stories: 2 Story Total Units: 20 Roof: Rubber Foundation/Basement: Basement Architecture: Other,Upper/Lower Apartment,Art Deco
Exterior Features

Fenced Construction: Brick
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.17 Lot Dimensions: 100.14X72.64 Frontage Feet: 100
Property Information

SQ ft: 10000 Subdivision: More Than One Sub Involved Financing: Cash,Contract,Conventional,Quit Claims Deed,Warranty Deed

Listing Price Information

Original List Price: $1,000,000
Listing Information

Possession: At Close Legal Description: N MACK E 0.14 FT ON S LINE BG E 0.10 FT ON N LINE OF 7 LYG N & ADJ MACK AVE 120 FT WD, 8 THRU 10 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT NOTTINGHAM SUB L38 P26 PLATS W C R 21/465 4&5 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT MEININGER SUB L46 P47 PLATS W C R 21/270 100.14 X 82.64A

Tax Information

Annual Tax: $28,197 Parcel Number: W21I001422S
Possession

At Close
Legal Information

Legal Description: Section: N MACK E 0.14 FT ON S LINE BG E 0.10 FT ON N LINE OF 7 LYG N & ADJ MACK AVE 120 FT WD, 8 THRU 10 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT NOTTINGHAM SUB L38 P26 PLATS W C R 21/465 4&5 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT MEININGER SUB L46 P47 PLATS W C R 21/270 100.14 X 82.64A

Unit 1 Information

# of Bedrooms: 12
Unit 2 Information

# of Bedrooms: 2

School Information

School District: Detroit
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

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15523 Mack Avenue #2

Property Details

Map

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Nearby Areas

Features

Interior Features

Exterior Features

Property / Lot Details

Listing Information

Taxes / Assessments

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