17800 Woodward AveDetroit, MI 48203

For Sale
$425,000

Prime Detroit location, 6,300 SF, 10 units.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 6,300 square foot office building, located at 17800 Woodward Avenue in Detroit, Michigan, presents a compelling investment opportunity. The property, a Class B traditional office building constructed in 1965 and renovated in 2012, sits on a 0.12-acre lot and features ten individual units within a multi-tenant structure. Currently, the building enjoys 50% occupancy, offering immediate income potential and significant upside for a new owner. The asking price is $425,000, translating to a price per square foot of $67.46. The building is zoned B4 and benefits from a gross lease structure. Its prime location in Detroit offers excellent visibility and accessibility. Historical data indicates a strong rental history, suggesting a stable and potentially growing income stream. The well-maintained property presents an opportunity for immediate occupancy and leasing, with potential for additional income streams through further lease-ups and strategic property management. This is an ideal investment for those seeking a well-located, established office building in a thriving Detroit market. The property's size and unit configuration provide flexibility for a variety of uses and investment strategies.

Highlights

  • 6,300 SF multi-tenant office building with 10 units.
  • Renovated in 2012.
  • 50% occupancy, offering immediate income and upside potential.
  • B4 zoning.
  • Prime Detroit location.
  • Ideal office investment opportunity.

Property Details for 17800 Woodward Ave

Property type
Other office properties, Office properties
Square Feet
6,300 SF
Class
B
Year Built
1965
Lot Size (sq. ft)
5,227 SF
Units
10

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.421913545377
Longitude
-83.108128168197
17800 Woodward Ave, Detroit, Michigan

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17800 Woodward Ave
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