15239 Mack Avenue
Detroit, MI 48224

Tools & Resources:

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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48224
• Year Built: 1926
• School District: Detroit
• Basement: Yes
• Lot Size: 4356 sq ft lot
• Construction Materials: Brick
• Directions: East of Alter Rd on the north side of Mack Ave
• Gross Income: 40200
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Operating Expense: 9251
• Parcel Number: W21I001415S
• Road Frontage: 66
• SEV: 115100
• Street Type: Paved
• Tax Annual Amount: 4811
• Tax Legal Description: N MACK 367 THRU 369 EXC MACK AVE AS WD ABBOTT & BEYMERS CLOVERDALE SUBN L29 P97 PLATS, W C R 21/449 66.35 X 65.6A
• Total Approx Sq Ft All Bldgs: 7128
• Total Num Units: 4
• Water Source: Public