6432 Woodward AveDetroit, MI 48202

For Sale
$899,000

Prime Detroit Retail Space: 5,574 SF, Updated

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 5,574 square foot storefront at 6432 Woodward Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2022, this three-story building boasts a multitude of recent upgrades. Improvements include a new roof on the second and third floors, a new sewer line, and an upgraded 800-amp electrical service with a new DTE pole. The HVAC system has new cut-ins (interior distribution not yet completed). The building's structural support has been completely updated, including a dug-out basement with new poured walls to support potential rooftop use. The property also features exposed natural brick on both floors, and all debris has been removed. Additional footings have been added to accommodate a future staircase. The property includes a 28 E Milwaukee Ave entrance, parking lot, and alleyway easement. This B-4 zoned property benefits from a transferable 10-year incremental tax abatement. The Wayne County property is identified by APN numbers W01/I004281S and W01/I001889S. Asking price is $899,000. This is a rare chance to acquire a beautifully renovated, historically significant retail space in a vibrant Detroit location.

Highlights

  • 5,574 SF building with parking lot, alleyway easement, and secondary entrance at 28 E Milwaukee Ave.
  • 10-year transferable tax abatement.
  • New HVAC cut-ins (interior distribution incomplete).
  • New roof on 2nd & 3rd floors.
  • New sewer line.
  • New 800-amp electrical service with new DTE pole (interior distribution incomplete).

Property Details for 6432 Woodward Ave

Property type
Other retail properties, Individual retail properties
Square Feet
5,574 SF
Year Built/Renovated
1930/2022
Buildings
1
Stories
3

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.369001758979
Longitude
-83.072350887579
6432 Woodward Ave, Detroit, Michigan

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6432 Woodward Ave
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