15523 Mack Avenue, Detroit, Michigan 48224

$1,000,000

Property Details

MLS#: 20261022598
Bedrooms: N/A
Bathrooms: 20
Square Feet: 9,866
Price per Sqft: $101
Lot Size: 0.17 acres
Year Built: 1929
Property Type: ResidentialIncome
Status: Active
Days on Market: 14

Description

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

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 15523 Mack Avenue?

15523 Mack Avenue is listed at $1,000,000, or $101 per square foot.

How many bedrooms does 15523 Mack Avenue have?

This property has N/A bedrooms and 20 bathrooms, with 9,866 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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