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Michael Broadwell

broadwell@realmilife.com +1(248) 219-5161

$ 1,000,000

Est. payment | -/mo

20 Baths

10,000 SqFt

Save

$ 1,000,000

Est. payment | -/mo

Save

20 Baths

10,000 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $100

Subdivision More Than One Sub Involved

MLS Listing ID 20261040085

Style ArtDeco,Other,UpperLowerApartment

Full Baths 20

Year Built 1929

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type MultiFamily

Property Description

Directly across from Grosse Pointe, 15523 Mack Avenue presents a rare opportunity to acquire a 20-unit mixed-use asset in one of Detroit's most sought-after border markets. The property consists of 18 residential units and 2 commercial spaces positioned along the highly visible Mack Avenue corridor, offering investors immediate scale and significant value-add potential. Located just minutes from Downtown Grosse Pointe, Corewell Health Beaumont Grosse Pointe Hospital, and Downtown Detroit, the property sits in a proven corridor supported by strong residential demand, established commercial activity, and continued public and private investment. Investors have the opportunity to increase value through renovation, lease-up, rent growth, commercial occupancy, operational improvements, and overall repositioning of the asset. City-approved redevelopment plans are available for purchase separately, providing a head start for future redevelopment, expansion, or adaptive reuse initiatives. The property may be eligible for Brownfield TIF, OPRA, PILOT programs, SBA financing, and potential 4% LIHTC incentives, creating additional avenues to enhance project feasibility and returns. Opportunities to acquire a mixed-use asset of this size, location, and redevelopment potential are becoming increasingly difficult to find as replacement costs continue to rise and barriers to new development remain high. Combining Grosse Pointe adjacency, Detroit pricing, multiple income streams, redevelopment potential, and appreciation potential, 15523 Mack Avenue offers a compelling opportunity for investors seeking a scalable asset with upside in one of Detroit's strongest border-market locations. Seller may consider Land Contract terms for qualified buyers. Proof of funds and Hold Harmless Agreement required prior to scheduling a showing. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify all information and perform their own due diligence.

Location

State MI

County Wayne

Area Area05055Detconmorsgrathstn7Mack

Rooms

Basement Unfinished, Walk Out Access, Walk Up Access

Interior

Heating Natural Gas, Radiant, Steam

Fireplace No

Exterior

Fence Fenced, Fencing Allowed

Pool None

Community Features Sidewalks

View Y/N No

Roof Type Rubber

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional, QuitClaimsDeed, WarrantyDeed

Listing Terms Cash, Contract, Conventional, QuitClaimsDeed, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Listed by Jay Naim of EXP Realty Main

Nearby Locations

+1(248) 219-5161

broadwell@realmilife.com

8840 Dwyer Rd, Howell, Michigan, 48855, USA

15523 Mack AVE Detroit, MI 48224