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8635 Mack Ave

2,500 SF 100% Leased Retail Building Detroit, MI 48214 $475,000 ($190/SF) 8% Cap Rate

Retail Buildings Michigan Detroit 8635 Mack Ave, Detroit, MI 48214

Investment Highlights

  • Current Income Producing Property and Development Opportunity.
  • Four (4) Years Remaining on Tenant's Lease.
  • Four Roll-Up Bay Glass Bay Doors.
  • Currently 100% Occupied by Detroit Body Garage.
  • 8% Cap Rate.
  • Beautiful Buildout In Place.

Executive Summary

Introducing an exceptional investment opportunity at 8635 Mack Ave, Detroit, MI. Currently occupied by the popular Detroit Body Garage, this building is in fantastic shape and serves as a strategic purchase on the Mack Corridor bordering Indian Village. Fully renovated in 2019, the property features four rollup glass bay doors, a parking lot, and the bonus of additional land included. The tenant has occupied the space since 2019 with 4 years remaining on their lease.
The land can be re-purposed long term or continued to be leased/run as the popular gym it currently is. Situated in a vibrant and growing area, this property presents an attractive prospect for retail or free-standing building investors seeking a sound and high-occupancy investment.

Attachments

8635 Mack Ave, Detroit_SALE

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
B
Year Built
1951
Price
$475,000
Price Per SF
$190
Cap Rate
8%
NOI
$38,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Land Acres
0.19 AC
Zoning
B4

Amenities

  • Bus Line
  • Corner Lot
  • Signalized Intersection
1 of 1
(248) 358-5341

  • Listing ID: 33126892

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 8635 Mack Ave, Detroit, MI 48214

More public record information on 8635 Mack Ave, Detroit, MI 48214

The Retail Property at 8635 Mack Ave, Detroit, MI 48214 is currently available For Sale. Contact P.A. Commercial, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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8635 Mack Ave
(248) 358-5341 x

8635 Mack Ave

1/2

Anthony Pellegrino

(248) 358-5341

(248) 358-5341

Alexa Venezia

(248) 801-0049

(248) 801-0049

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