Highland Park Liquor Store
11744 Woodward Ave, Highland Park, MI 48203
For Sale
Contact for pricing
Liquor store for sale or lease in Highland Park.
Property Size4,125 SF
Price / SF$266.67
Days on Market1466
Property Features for 11744 Woodward Ave
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Crexi
Added: Nov 10, 2022
Changed: Nov 12
Last Checked: Nov 14 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Southfield
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A liquor store is available for sale or lease. The property includes a liquor license. Inventory is sold separately. The property size is 4125 square feet.
Key Highlights
- Liquor license in place
- Liquor store available for sale
- Liquor store available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,460
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,200
$1.1M
Cap Rate 7%
$763,714
$763.7K
Cap Rate 9%
$594,000
$594.0K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$74.3K $18.00/SF
− Vacancy
−$3.0K −$0.72/SF
EGI
$71.3K $17.28/SF
− OpEx
−$17.8K −$4.32/SF
NOI
$53.5K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,200
Cap Rate 7%
$763,714
Cap Rate 9%
$594,000
Alternative Uses
Best Use
Specialty Retail
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$558.4K
$488.6K – $651.4K
NOI $39,085 @ 7.0% cap · market cap 3.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Electronics 18%
Comerica Bank
Shops & Services
2,195 visits/mo
0.4 miles
Citgo
Shops & Services
2,052 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
1,382 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,238 visits/mo
0.4 miles
Demographics for 48203, MI
22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Grocery and convenience stores in Wayne County, MI
Properties on Market for Grocery and convenience stores in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Liquor store for sale or lease in Highland Park.
Where is this grocery and convenience store located?
The property is located at 11744 Woodward Ave Highland Park, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Liquor license in place; Liquor store available for sale; Liquor store available for lease
