Listing Agency: Exclusive Realty s***@exclusive-realty.com Show Phone

Listed By: Steve Sagmani · License #6502426558 Show Phone

Source: Moodyscre

Added: Feb 3, 2023 Changed: Jul 6 Last Checked: Aug 10 at 9:25AM

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Investment Insights

Based on property information with market context.

The property is a 3,800 square foot office building situated on 0.33 acres. This one and a half story building has been newly renovated and features a surface parking lot with space for 17 cars. The building is currently 100% occupied, generating an annual income of $66,000 with 5% increases. The property has a Walk Score of 82.

Key Highlights

• 100% Occupancy with $66,000 Annual Income and 5% Increases
• Newly Renovated 3,800 SF Office Building
• Sale Price: $500,000

Property Analytics

Property Profile

Current Use

Goodfellas wear Clothing Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

364

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Detroit, MI

11.9% 2019

13.9% 2020

15.2% 2021

17.9% 2022

20.3% 2023

22% 2024

19.5% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - 3,800 SF renovated office building with income in Detroit.

Where is this office building located?

The property is located at 11318 Woodward Ave Detroit, MI.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 100% Occupancy with $66,000 Annual Income and 5% Increases; Newly Renovated 3,800 SF Office Building; Sale Price: $500,000