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Renaissance Medical Center 8330 Mack Ave

26,000 SF 100% Leased Office Building Detroit, MI 48214 $725,000 ($28/SF)

Investment Highlights

  • Sits on a large parcel allowing developer to maximize opportunity
  • Access to Major Roadways
  • Residential uses are on neighborhood side streets, while retail and industrial uses are along primary thoroughfares or within industrial pockets
  • Proximity to Downtown Detroit
  • Centrally located within the metro Detroit market and has positive linkage characteristics.

Executive Summary

This prime location is nestled between some of the most dynamic and evolving neighborhoods in the area. To the north, it borders the charming and historic Pingree Park; to the south, it is flanked by the prestigious Indian Village, known for its architectural beauty and limited retail options, providing a unique commercial opportunity. Westward lies the thriving communities of West Village and Islandview, while to the east is the vibrant and up-and-coming East Village.
Positioned with excellent visibility and traffic exposure, this property offers not just one, but two prominent corner access points, making it highly accessible for both pedestrian and vehicular traffic. The adjacent Indian Village, with its scarcity of retail space, makes this site particularly attractive for commercial development, ensuring a captive local audience eager for new retail and service offerings.
Additionally, the property benefits from its location within an Opportunity Zone, offering significant tax incentives for development. Ample parking space enhances its appeal, providing a key asset in this urban environment, where parking is often at a premium.
The area’s zoning supports mixed-use development, allowing for a flexible combination of retail, office, or residential spaces, maximizing the potential of the site. The existing structure on the property also presents possibilities for creative reuse or redevelopment, further broadening the scope for investors or developers. With so many layers of potential, this location stands as a prime candidate for innovative and lucrative redevelopment projects.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
26,000 SF
Building Class
B
Year Built
1971
Price
$725,000
Price Per SF
$28
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,000 SF
Building FAR
0.38
Land Acres
1.58 AC
Opportunity Zone
Yes
Zoning
B-2 and R-1 - Commercial, Redevelopment
  • Listing ID: 28852200

  • Date on Market: 6/26/2023

  • Last Updated:

  • Address: 8330 Mack Ave, Detroit, MI 48214

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