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    15151-15111 Woodward Ave Highland Park, MI

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    For Sale
    $9,150,000

    41,433 Sq. Ft. retail center anchored by national tenants.

    Property size:
    41,433 SF
    Lot size:
    3.61 Acres

    Property Features for 15151-15111 Woodward Ave

    General Information

    Size
    41,433 SF
    Lot size
    3.61 Acres

    Source: Colliers Agent Simon Jonna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Occupied Retail Center on Woodward

    This 41,433 square foot retail center is 100% occupied. Anchored by Aldi, Dollar Tree, and Dunkin’, the property features long-term leases with renewal options. It benefits from a prime location on Woodward Avenue at a signalized corner. The site also offers institutional stability with a police station and credit union present.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Shopping bag supermarket, DivDat Kiosk Network

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1022
    Latitude
    42.4222

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    FAQs

    What type of property is this?
    Shopping center - 41,433 Sq. Ft. retail center anchored by national tenants.
    Where is this shopping center located?
    The property is located at 15151-15111 Woodward Ave Highland Park, MI.
    What is the asking price?
    The asking price for this property is $9,150,000.
    What are key features of this property?
    This property features: - 100% Occupied, 41,433 Sq. Ft. Retail Center; - Anchored By Aldi, Dollar Tree, Dunkin’; - Prime Woodward Ave Location
    (249) 540-1000
    Request Owner's contact information
    15151-15111 Woodward Ave Highland Park, MI
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15151-15111 Woodward Ave Highland Park, MI
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