21002 Mack Ave
Grosse Pointe Woods, MI 48236
$495,000
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Excellent investor or owner/ user opportunity! Updated and beautifully maintained office building located on prime Mack Avenue in Grosse Pointe Woods. Currently operating as 8 unit shared office space, this property offers the flexibility for an investor to capitalize on the in demand shared office market at a 9%+ return on investment, to be partially owner occupied and leased out to cover carrying costs, or to be completely owner occupied. Shared conference room, kitchenette, and 2 bathrooms. Newer HVAC/ Central Air, new parking lot, new sewer line. Off street parking for 5 spots, an additional 14 municipal parking spots in rear, and on street parking. Current rents around $600-$700/ office with upside in rents. All tenants month to month. Income and expenses available upon request.

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www.www.realestateone.com.com/2200059241
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Property Details
Status: Active
Listing Date 07/28/2020
County: Wayne
Acreage: 0.09
Lot Dimensions: 40 x 95
Price/SqFt: $177
Zoning: Commercial
Current Use: Multi Tenant Office Building/ Co Working Building
Water: Water at Street
Business Type: Office
Sub Property Type: Commercial
Office Heat: Central Air, Forced Air
Possession: At Close
Total Finished SqFt: 2,795
Above Grade Finished SqFt 2,795
Year Built: 1939
Comm. Office Space: 2795
Heating: Central Air, Forced Air, Natural Gas
 
Listing Office: Jim Saros Real Estate Services
Office Address: 17108 Mack Ave
Listing Number: 2200059241
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