8330 Mack Avenue
- In historical Detroit Indian Village Neighborhood, renowned for its early 20th-century mansions and historic homes, designed by prominent architects like Albert Kahn and Louis Kamper. The area's charm can attract customers and clients who appreciate history and elegance.
- Sits on a large parcel allowing developer to maximize opportunity.
- Proximity to Downtown Detroit: Just a short drive from downtown, Indian Village offers easy access to the city's core while maintaining a serene residential atmosphere.
- Access to Major Roadways: Conveniently located near I-75 and I-94, which are major freeways traversing southeast Michigan.
- Centrally located within the metro Detroit market and has positive linkage characteristics.
- Residential uses are on neighborhood side streets, while retail and industrial uses are along primary thoroughfares or within industrial
- pockets.
- High-Income Residents: Indian Village is home to many professionals and families with above-average purchasing power, offering strong support for upscale retail, dining, or professional services.
- Lack of Overcrowded Development: While Indian Village is primarily residential, its charm makes it an attractive location for boutique shops, restaurants, or professional offices catering to residents and nearby visitors.
- Adaptive Reuse Opportunities: Existing structures can be converted into unique commercial spaces that preserve the neighborhood’s historic feel.
- By leveraging Indian Village's unique blend of history, charm, and affluence, a thoughtfully executed commercial development can enrich the community while meeting market demand.
Property Description
Introducing the prime investment opportunity at 8330 Mack Avenue, Detroit, MI. This impressive property features a substantial 26,000 SF building, ideal for multifamily or mid-rise development. With its significant size and versatile zoning designations of B2 and R-1, this property offers a myriad of development possibilities. Built in 1971, it represents a solid foundation for prospective investors seeking a property with potential for value creation. Situated in the thriving Detroit area, this property is strategically positioned for maximizing returns in the burgeoning real estate market. Don't miss the chance to capitalize on this exceptional investment in a dynamic and evolving location.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $625,000 |
| No. of Units: | 1 |
| Year Built: | 1971 |
| Lot Size: | 1.58 Acres |
| Opportunity Zone: | No |
| Price per unit: | $625,000 |
| Property Website | Click Here |
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