15421 Mack Ave 2,400 SF Vacant Retail Building Detroit, MI 48224 $290,000 ($120.83/SF)
INVESTMENT HIGHLIGHTS
- 15421 Mack Avenue is a 2,400-square-foot Detroit retail building with a roof deck, basement, and eclectic bar build-outs.
- Zoned General Business, a variety of retail operations are feasible, and a Class C liquor license may be purchased for bar or restaurant operations.
- The retail building has over 20 feet of direct frontage off Mack Avenue and is nestled among other retail buildings for local co-tenancy.
- Local establishments nearby include Domino’s Pizza, The Charlevoix, ALDI, Lenny’s Bar, The Spanish Wine Guide, Excalibur Park, and more.
EXECUTIVE SUMMARY
Located in Detroit’s Morningside neighborhood, 15421 Mack Avenue is a 2,400-square-foot building that previously housed two popular bars: Lost River Tiki and The Apartment Disco.
The first floor features an incredible custom-built old bar with a unique penny top, a custom wooden back bar, and a restroom. On the second floor, a custom-built bar, two bathrooms, and a striking custom pyramid skylight are all still intact.
A new roof (2022) and rooftop deck (2022) provide additional entertainment space. General updates include a new HVAC system (2022) on the second floor and new equipment installed in 2022. The property has a capacity of 209 patrons and includes a full basement suitable for storage or operational needs. A Class C liquor license is also available for $80,000, providing added value for operators looking to open a bar or restaurant
The first floor features an incredible custom-built old bar with a unique penny top, a custom wooden back bar, and a restroom. On the second floor, a custom-built bar, two bathrooms, and a striking custom pyramid skylight are all still intact.
A new roof (2022) and rooftop deck (2022) provide additional entertainment space. General updates include a new HVAC system (2022) on the second floor and new equipment installed in 2022. The property has a capacity of 209 patrons and includes a full basement suitable for storage or operational needs. A Class C liquor license is also available for $80,000, providing added value for operators looking to open a bar or restaurant
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
2,400 SF
Year Built
1948
Price
$290,000
Price Per SF
$120.83
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.03 AC
Zoning
B4 - General Business District
Frontage
20’ on Mack Avenue
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-001418 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $46,200 |
