15523 Mack Avenue Detroit, MI 48224
Other
MLS #: 20261015545
Courtesy Of Golden Key Realty Group LLC
1120 E Long Lake Rd, Troy, MI 48085
1120 E Long Lake Rd, Troy, MI 48085
Property InformationDescription
Investment Opportunity Mixed-Use Building
Prime mixed-use investment opportunity featuring 20 total units, including 18 residential units (4 studios, 12 one-bedrooms, 2 two-bedrooms) and 2 commercial spaces. All residential units include 1 bathroom, offering a strong and versatile rental mix.
Positioned directly across from Grosse Pointe, this property offers the advantage of Grosse Pointe proximity with Detroit pricing, making it highly attractive for both residential tenants and commercial users seeking strong surrounding demographics and foot traffic.
The building is thoughtfully configured:
Garden/Basement Level: 2 one-bedroom units, 2 commercial units.
First & Second Floors: Each floor features a mix of studios, one-bedroom, and two-bedroom units with efficient layouts ranging approximately 435 599 sq ft, plus shared common areas. Second floor mirrors the first.
Walkable to everyday conveniences including Aldi, Dollar Tree, Huntington Bank, public transportation, and nearby restaurants and retail.
Just a 5-minute drive to Beaumont Hospital, Trader Joe s, and Starbucks.
Quick access to Chick-fil-A and Chipotle Mexican Grill along Mack Ave, and approximately 15 minutes to Little Caesars Arena and Downtown Detroit.
Development Advantage:
Architectural drawings approved shovel ready for development
Additional Highlights:
No known special assessments
No known encroachments
On-street parking with rear alley access
Investment & Value-Add Potential:
Property presents strong upside with the ability to stabilize rents and maximize income. May qualify for multiple incentive programs, including:
Brownfield TIF, OPRA, PILOT programs, SBA financing (commercial), Potential 4% LIHTC (Low-Income Housing Tax Credit) eligibility.
Seller may be open to Land Contract terms.
Excellent opportunity for investors seeking a value-add mixed-use asset in a high-demand, high-visibility corridor with long-term growth potential. BATVAI
Prime mixed-use investment opportunity featuring 20 total units, including 18 residential units (4 studios, 12 one-bedrooms, 2 two-bedrooms) and 2 commercial spaces. All residential units include 1 bathroom, offering a strong and versatile rental mix.
Positioned directly across from Grosse Pointe, this property offers the advantage of Grosse Pointe proximity with Detroit pricing, making it highly attractive for both residential tenants and commercial users seeking strong surrounding demographics and foot traffic.
The building is thoughtfully configured:
Garden/Basement Level: 2 one-bedroom units, 2 commercial units.
First & Second Floors: Each floor features a mix of studios, one-bedroom, and two-bedroom units with efficient layouts ranging approximately 435 599 sq ft, plus shared common areas. Second floor mirrors the first.
Walkable to everyday conveniences including Aldi, Dollar Tree, Huntington Bank, public transportation, and nearby restaurants and retail.
Just a 5-minute drive to Beaumont Hospital, Trader Joe s, and Starbucks.
Quick access to Chick-fil-A and Chipotle Mexican Grill along Mack Ave, and approximately 15 minutes to Little Caesars Arena and Downtown Detroit.
Development Advantage:
Architectural drawings approved shovel ready for development
Additional Highlights:
No known special assessments
No known encroachments
On-street parking with rear alley access
Investment & Value-Add Potential:
Property presents strong upside with the ability to stabilize rents and maximize income. May qualify for multiple incentive programs, including:
Brownfield TIF, OPRA, PILOT programs, SBA financing (commercial), Potential 4% LIHTC (Low-Income Housing Tax Credit) eligibility.
Seller may be open to Land Contract terms.
Excellent opportunity for investors seeking a value-add mixed-use asset in a high-demand, high-visibility corridor with long-term growth potential. BATVAI
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Floors: 2
- Legal Description: N MACK E 0.14 FT ON S LINE BG E 0.10 FT ON N LINE OF 7 LYG N & ADJ MACK AVE 120 FT WD, 8 THRU 10 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT NOTTINGHAM SUB L38 P26 PLATS W C R 21/465 4&5 & S 1/2 OF VAC ALLEY ADJ EXC MACK AVE AS WD TO 120 FT MEININGER SUB L46 P47 PLATS W C R 21/270 100.14 X 82.64A
- MLSID: 20261015545
MAP & DIRECTIONS
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