1883 WoodwardDetroit, MI 48226

  • Retail properties
  • 144,034 SF
Off market
$22,241,690 Estimated

Property Details for 1883 Woodward

Year built
1957
Lot size
2.22 AC
Property size (Sq ft)
144,034 SF
Zone code
B5
Property type
Retail properties
Property subtype
Parking lots & garages
APN
02001866.
APU
2001866

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $38,090,208
    6.5%
    $35,160,192
    7%
    $32,648,748
  • Comparable approach

    Method
    Valuation
    Relative Method
    $33,951,808
    Geo Method
    $33,951,808
  • Alternative Use

    Use
    Valuation
    Residential
    $29,658,936
    Hospitality
    $27,167,426
    Educational
    $22,602,980
    Medical
    $23,380,330
    Retail
    $35,160,192
1883 Woodward, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3363
Longitude
-83.0513
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Tax year
    2023

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