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$ 325,000
Est. payment /mo
New
8640 Mack Avenue Detroit, MI 48214 1819
3,622 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,622 sqft
Price per Sqft $89
Subdivision Mi
MLS Listing ID 61043704
Annual Tax Amount $8,226
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 78X108.77
Property Sub-Type Commercial/Industrial
Property Description
**INCOME-PRODUCING MIXED-USE INVESTMENT NEAR HISTORIC INDIAN VILLAGE!** Offered at $325,000, this renovated 4,120 SF building generates $27,000 in annual gross rental income from two occupied units. The first-floor salon rents for $800/month, while the furnished 2-bedroom, 2-bath upstairs apartment rents for $1,450/month. Both tenants are month-to-month, offering flexibility for investors and future owner-occupants. Renovated in 2022, the property features an updated apartment with hardwood floors, an open-concept living area, modern kitchen, and updated bathrooms. Additional highlights include a detached 1,000 SF garage with newer roof, approximately 400 SF of mezzanine space, basement, and ample on-site parking. Zoned B4 (General Business District), offering potential for a variety of business uses, subject to municipal approval. Conveniently located along the Mack Avenue corridor near Indian Village and West Village. A versatile investment with established rental income and additional upside potential!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial,Professional Office,Residential
Interior
Heating Forced Air
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Grosse Pointe
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