Price Reduction
Address
21002 Mack Ave Grosse Pointe Woods, MI
Price
$ 495,000
Property Attributes
  • MLS#40084848
  • TypeCommercial
  • CountyWAYNE
  • CityGrosse Pointe Woods
  • AreaGrosse Pointe Woods
  • NeighborhoodGrosse Pointe Woods
  • Zip48236
  • StyleCommercial/Industrial
  • Year Built1939
  • Taxes12269
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2795
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Jim Saros Real Estate Services
Property Description

Excellent investor or owner/ user opportunity! Updated and beautifully maintained office building located on prime Mack Avenue in Grosse Pointe Woods. Currently operating as 8 unit shared office space, this property offers the flexibility for an investor to capitalize on the in demand shared office market at a 9%+ return on investment, to be partially owner occupied and leased out to cover carrying costs, or to be completely owner occupied. Shared conference room, kitchenette, and 2 bathrooms. Newer HVAC/ Central Air, new parking lot, new sewer line. Off street parking for 5 spots, an additional 14 municipal parking spots in rear, and on street parking. Current rents around $600-$700/ office with upside in rents. All tenants month to month. Income and expenses available upon request.

Price History
7/30/2020 Listed $509,750
11/6/2020 3% - $495,000

General Features

Class COM/IND/BUS OPP
Cooling Central A/C
Directions North of Vernier
Financial Terms Cash, Conventional
Heating Forced Air
Legal Description WDG 15 16 LOTS 15 AND 16 MEYERING LAND COS HAMPTON ROSLYN ROADS SUB PC 576 L55 P52 WCR K 40.00
Listing Area Grosse Pointe Woods (82333)
Municipality Grosse Pointe Woods
Originating Mls RealComp
Ownership Private
Roof Rubber
Source Mls MI Real Source
Status Active
Status Active
Subdivision MEYERING LAND CO HAMPTON-ROSLYN ROAD SUB
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Year Built 1939
Zoning Commercial

Interior Features

Fuel Type Natural Gas

Exterior Features

Sale Includes Inventory
Exterior Brick
Foundation Type Slab
Frontage 40
Lot Dimensions 40 x 95
Lot Size Area 0.09
Roads Private Road
Sewer Septic Public At Street
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48236

Price
AVG $250K
$500K
Taxes
AVG $10,422
$12,269
Visits
AVG 11
11
Year Built
AVG 1949
1939
Walkscore
AVG 69
74
Data Provided by Walkscore ® not using MLS data