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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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15523 Mack Ave , Detroit, MI 48224
$1,000,000
Est. Payment: $2,222.22/mo
0 Bed
20 Bath
0 Sqft
Status: Active | Days on site: 105
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House 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.

Highlights

Listed by Jay Naim , 313-571-6581 EXP Realty Main , 888-501-7085.

Property Type

Multi-Family

Lot/Acreage
0.17

HOA Fee

Year Built

1929

County

Wayne

School District

Detroit

Listing ID

20261040085

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:20
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:Sidewalk
Roof:Rubber
Principal Interest
$2,222
Taxes
$2,350
HOA
$0

Home Price

$1,000,000

Loan Details

30 yrs
%

Down Payment

20%
$200,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,222.22 $2,349.78 $0.00 $4,572.00
Yearly $26,666.67 $28,197.30 $0.00 $54,863.97
Total $800,000.00 $845,919.00 $0.00 $1,645,919.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.