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Mack Ridgeway Building 24025 Greater Mack Ave 10,950 SF 100% Leased Office Building Saint Clair Shores, MI 48080 $1,177,361 CAD ($107.52 CAD/SF) 8.24% Cap Rate



Investment Highlights
- Fully occupied building with eight office and medical tenant suites.
- Located along Greater Mack Avenue just north of 9 Mile Road.
- Includes 42 on-site parking spaces for tenants and visitors.
- Established in-place income with reported NOI of approximately $70,000.
- Blocks from downtown Saint Clair Shores and the Nautical Mile district.
- Well-maintained office and medical investment property.
Executive Summary
24025 Greater Mack presents a fully occupied office and medical investment opportunity in Saint Clair Shores. The property consists of an eight-suite professional building occupied by a mix of office and medical tenants, providing in-place income and an established tenancy profile. Constructed in 1980 and maintained to a high standard, the asset offers investors an opportunity to acquire a stabilized property with an existing net operating income of approximately $70,000.
Positioned along Greater Mack Avenue just north of 9 Mile Road, the property benefits from convenient access to local commercial corridors, neighborhood services, and the amenities of downtown Saint Clair Shores and the Nautical Mile district. The location offers strong connectivity throughout the eastern suburbs of Metro Detroit while serving an established residential and business population. Its office and medical tenant mix supports a diversified occupancy profile within a mature commercial market.
The building is situated on approximately 0.510 acres and includes 42 parking spaces. The combination of stable occupancy, established tenancy, and a well-maintained physical condition creates a straightforward investment opportunity for buyers seeking existing cash flow with long-term ownership potential. The property's location within a recognized professional and healthcare corridor further supports continued tenant demand and operational stability.
Positioned along Greater Mack Avenue just north of 9 Mile Road, the property benefits from convenient access to local commercial corridors, neighborhood services, and the amenities of downtown Saint Clair Shores and the Nautical Mile district. The location offers strong connectivity throughout the eastern suburbs of Metro Detroit while serving an established residential and business population. Its office and medical tenant mix supports a diversified occupancy profile within a mature commercial market.
The building is situated on approximately 0.510 acres and includes 42 parking spaces. The combination of stable occupancy, established tenancy, and a well-maintained physical condition creates a straightforward investment opportunity for buyers seeking existing cash flow with long-term ownership potential. The property's location within a recognized professional and healthcare corridor further supports continued tenant demand and operational stability.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,950 SF
Building Class
C
Year Built
1977
Price
$1,177,361 CAD
Price Per SF
$107.52 CAD
Cap Rate
8.24%
NOI
$96,959 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,475 SF
Slab To Slab
9’
Building FAR
0.47
Lot Size
0.53 AC
Zoning
B3 - Commercial, Saint Clair Shores
Parking
48 Spaces (4.38 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Natural Light
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-14-27-451-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $725,808 CAD |
Property Taxes
Parcel Number
09-14-27-451-008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$725,808 CAD
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Mack Ridgeway Building | 24025 Greater Mack Ave
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