20745 Mack Avenue $500,000

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    20745 Mack Avenue Grosse Pointe Woods, MI 48236

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    $500,000

    Market Estimate
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    • 2,015 sq. ft.
    • Commercial Lease
    • MLS# 60295685
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    Views: 3 Days On Site: 39

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    Property Details

    Discover a prime investment opportunity in the heart of Grosse Pointe Woods, nestled along the vibrant stretch of Mack Avenue. Presenting an enticing prospect for entrepreneurs, this well-appointed restaurant space boasts a coveted full liquor license, offering an array of possibilities for culinary innovation and hospitality excellence. Set amidst a bustling commercial district, this establishment enjoys high visibility and easy accessibility, drawing in both local residents and passersby. With ample on-site parking, patrons can indulge in the culinary delights without the hassle of searching for a spot, ensuring a seamless dining experience. Beyond its current charm, this property holds immense potential for expansion, allowing visionary restaurateurs to elevate their concept and cater to a broader audience. Whether you envision an expansion of dining space, the addition of outdoor seating, or the incorporation of private event facilities, the canvas is yours to transform. The surrounding community of Grosse Pointe Woods is renowned for its affluent demographics and strong sense of community, providing a fertile ground for culinary ventures to flourish. Seize this rare opportunity to own a restaurant on Mack Avenue and establish your mark in this thriving culinary landscape. Don't miss out on this exceptional chance to turn your restaurant dreams into reality. Contact us today to schedule a viewing and unlock the potential of this remarkable business opportunity. Listing is for Turn Key Business only. The building is not available for purchase at this time.

    • General Features
      • Area Municipality Grosse Pointe Woods (82333)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 2015
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Heating System Forced Air
    • Property Features
      • Water Public Water
      • Lot Size 88x131
      • Roads Class A
      • Sewer Septic Public Sanitary

    Contact

    Tim Sova

    Tim Sova

    The Tim Sova Team, Associate Broker

    RE/MAX Platinum

    Direct: 810-844-2316

    Neighborhood

    48236 (Grosse Pointe Woods) Demographics

    44 Median Age
    3,360 Population Density (per sq. mile)
    72% College Educated
    $118,125 Estimated Median Income
    10,527 Estimated Total Home Owners
    1,049 Estimated Total Renters
    91% / 9% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    29,592 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $497,500 Median Sales Price
    26 Homes Sold
    74 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $500,000
        3/22/2024 1:52:00 PM New in Database Source: Multiple Listing Service New Value: $500,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.