15523 Mack Avenue
Detroit, MI, 48224 $ 1,000,000
Baths20.0 Sq 10,000 Monthly Estimate*
$ 6,157
Studio for $1,000,000 with 20 full baths. This 10,000 square foot home was built in 1929 on a lot size of 0.17.
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.
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FeaturesGeneralHeating Radiant Steam
Possession At Close
Water Public Water
Status Active Active
Full Baths 20
Half Baths 0
Bathrooms 20
Year Built 1929
Subdivision More Than One Sub Involved MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions Travel East on Mack Ave Past Alter Rd
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description N MACK E 0.14 FT ON S LINE BG E 0.10 FT ON N LINE OF 7 LYG N & ADJ MACK AVE 120 FT WD
DOM 0
Postal Code 48224
Price Per Sq Ft Total AG 100
Public Remarks Directly across from Grosse Pointe
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InteriorBasement Outside Entrance
Fireplace? No
Total Number of Units 20
Fuel Type Natural Gas
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ExteriorExterior Brick
Exterior Amenities Fenced Yard
Frontage 100
Lot Size Area 0.17
Lot Dimensions 100.14X72.64
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList Byjaynaimrealtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,157
- Monthly Property Taxes
- $2,350
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $259,575
Percent of Sale Price 74%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $1,000,000 | | Listed Price |