20485-20489 Mack Ave - Storefront FOR SALE


Grosse Pointe Woods, MI 48236
$585,000 USD
20485-20489 Mack Ave, Grosse Pointe Woods, MI for Sale
$585,000 USD
Storefront - FOR SALE
1/14
null | 11.28% Cap Rate

May '26


20485-20489 Mack Ave
Grosse Pointe Woods, MI 48236


HIGHLIGHTS

  • Prime Mack Avenue multi-tenant commercial opportunity in a high-visibility, high-traffic corridor.
  • Currently configured for a single tenant —easily converted back to a two-unit layout
  • Neighboring Lease Comps over $24/SF

OVERVIEW

Prime Mack Avenue multi-tenant commercial opportunity in a high-visibility, high-traffic corridor. Currently configured for a single tenant, the property offers exceptional flexibility—easily converted back to a two-unit layout to support multiple income streams. Ideal for an owner-user seeking full occupancy, partial occupancy with supplemental rental income, or investors targeting a rare multi-tenant asset in a premier retail location. Recent neighboring lease comps support rents around $24/SF NNN. The building features two separate HVAC systems (furnaces), separate utilities for each unit (water shared), and two restrooms (one per unit), allowing for straightforward division and independent operation. Positioned among national retailers including Starbucks, CVS, UPS, Kroger, Domino’s, and more, the site benefits from strong co-tenancy and consistent consumer traffic. A versatile asset with multiple paths to value—owner-user, split occupancy, or investment hold—located on one of Mack Avenue’s most sought-after commercial stretches.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

11.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

Commercial

APN/PARCEL ID

40-007-03-0041-001

ASK ABOUT THIS PROPERTY

Jimmy SarosSaros Real Estate ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jimmy SarosSaros Real Estate ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.