15239 Mack Avenue new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251033385
Year Built 1926
Annual Tax Amount $4,811
Lot Size 4,356 Sqft
Property Description
Unlock the potential of this exceptional mixed-use commercial property offering strong cash flow and versatile options for an owner-user or investor. Perfectly situated in a high-visibility location, this property features established storefront tenants—including a dance studio and barbershop—alongside flexible office space and a loft ready for owner occupancy or additional rental income. Upstairs, four spacious 2-bedroom, 1-bath apartments—each with private entrances and separate utilities—provide consistent residential income. An extensive basement offers valuable storage options, enhancing functionality for tenants and owners alike. Currently, all units are separately metered, with the owner covering only water, ensuring low overhead and simple management. With the right offer, additional vacant lots behind the property may be included in the sale. Though currently zoned residential, these lots open the door to exciting possibilities such as private parking, a community garden, or future development. This rare, income-producing property combines stable tenancy with multiple avenues for growth—ideal for investors seeking long-term returns or entrepreneurs ready to occupy and expand. Part of a larger package - contact me for more details. Property previously appraised for $650,000 in 2024. Seller is very motivated and willing to negotiate.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Multiple
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional