17266 Mack AveGrosse Pointe, MI 48230

For Sale
$749,000

High-Cap Rate Office Building, 3604 SF

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional single-story executive office building, located at 17266 Mack Avenue in Grosse Pointe, Michigan, presents a compelling investment opportunity. Boasting 3,604 square feet, the property offers a desirable location in Wayne County, with convenient access to amenities and infrastructure. Built in 2004, the building is classified as Class C and sits on a 0.12-acre lot, zoned R-01. The asking price is $749,000, translating to a price per square foot of $207.82 and an attractive 8.50% capitalization rate. Ample parking is provided, with a ratio of 3.61 spaces per 1,000 square feet. The property's strategic location directly adjacent to the newly constructed City Hall adds significant value and potential for future growth. Detailed financial information is available upon request. The property's APN is 37-003-02-0001-001. This presents a rare chance to acquire a well-situated, income-producing asset in a thriving Grosse Pointe community. The building currently operates as a two-tenant office space.

Highlights

  • 8.5% CAP Rate.
  • 2004 Construction.
  • Excellent Mack Avenue location.
  • Adjacent to new City Hall.
  • Financial details available upon request.

Property Details for 17266 Mack Ave

Property type
Other office properties, Office properties
Square Feet
3,604 SF
Class
C
Year Built
2004
Stories
1
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Grosse Pointe
County
Wayne
State
Michigan
Latitude
42.3962163
Longitude
-82.9206998
17266 Mack Ave, Grosse Pointe, Michigan

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17266 Mack Ave
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