15421 Mack Ave - Bar FOR SALE


Detroit, MI 48224- Far East Side
$290,000 USD
313-704-2678
15421 Mack Ave, Detroit, MI for Sale
$290,000 USD
Bar - FOR SALE
1/17
null | Request Cap Rate

15421 Mack Ave
Detroit, MI 48224
Far East Side


HIGHLIGHTS

  • 15421 Mack Avenue is a 2,400-square-foot Detroit retail building with a roof deck, basement, and eclectic bar build-outs.
  • The retail building has over 20 feet of direct frontage off Mack Avenue and is nestled among other retail buildings for local co-tenancy.
  • Zoned General Business, a variety of retail operations are feasible, and a Class C liquor license may be purchased for bar or restaurant operations.
  • Local establishments nearby include Domino’s Pizza, The Charlevoix, ALDI, Lenny’s Bar, The Spanish Wine Guide, Excalibur Park, and more.

OVERVIEW

Located in Detroit’s Morningside neighborhood, 15421 Mack Avenue is a 2,400-square-foot building that previously housed two popular bars: Lost River Tiki and The Apartment Disco. The first floor features an incredible custom-built old bar with a unique penny top, a custom wooden back bar, and a restroom. On the second floor, a custom-built bar, two bathrooms, and a striking custom pyramid skylight are all still intact. A new roof (2022) and rooftop deck (2022) provide additional entertainment space. General updates include a new HVAC system (2022) on the second floor and new equipment installed in 2022. The property has a capacity of 209 patrons and includes a full basement suitable for storage or operational needs. A Class C liquor license is also available for $80,000, providing added value for operators looking to open a bar or restaurant

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

B4

APN/PARCEL ID

21-001418

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.