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33654709
33654710

15239 Mack Avenue, Detroit, MI 48224

BH
MI 6501418589
$599,999
301 days on market
Updated 3 days ago

15239 Mack Avenue

Details
APN W21I001415S
Property Type Multifamily, Mixed Use (+3)
Sub Type Apartment Building, Executive Office (+5)
Square Footage 7,128
Units 4
NOI $30,949
Year Built 1926
Acreage 0.100

Multifamily | 4 Units

Marketing 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.
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BH
MI 6501418589

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$30,949.00
$2,579.08/mo

Valuation Metrics

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DSCR
5.16%
Cap Rate
5.16%
ROI

Map

Zoning

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B4 CommercialGeneral CommercialGeneral Business District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brianna Harris
License
6501418589
Brokerage
Harris Ventures
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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