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    6432 Woodward Ave Detroit, MI 48202

    Sponsored
    For Sale
    $899,000

    Prime Detroit Retail Space: 5,574 SF, Updated

    Property size:
    5,574 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,574 square foot storefront at 6432 Woodward Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2022, this three-story building boasts a multitude of recent upgrades. Improvements include a new roof on the second and third floors, a new sewer line, and an upgraded 800-amp electrical service with a new DTE pole. The HVAC system has new cut-ins (interior distribution not yet completed). The building's structural support has been completely updated, including a dug-out basement with new poured walls to support potential rooftop use. The property also features exposed natural brick on both floors, and all debris has been removed. Additional footings have been added to accommodate a future staircase. The property includes a 28 E Milwaukee Ave entrance, parking lot, and alleyway easement. This B-4 zoned property benefits from a transferable 10-year incremental tax abatement. The Wayne County property is identified by APN numbers W01/I004281S and W01/I001889S. Asking price is $899,000. This is a rare chance to acquire a beautifully renovated, historically significant retail space in a vibrant Detroit location.

    Property Features for 6432 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,574 SF

    Building Details

    Year Built/Renovated
    1930/2022
    Buildings
    1
    Stories
    3

    HighLights

    • 5,574 SF building with parking lot, alleyway easement, and secondary entrance at 28 E Milwaukee Ave.
    • 10‑year transferable tax abatement.
    • New HVAC cut‑ins (interior distribution incomplete).
    • New roof on 2nd & 3rd floors.
    • New sewer line.
    • New 800‑amp electrical service with new DTE pole (interior distribution incomplete).
    Property Profile Location Intelligence

    Current Use by Public Records

    Audio By Caruso Electronics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.072350887579
    Latitude
    42.369001758979

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    FAQs

    What type of property is this?
    Individual retail property - Prime Detroit Retail Space: 5,574 SF, Updated
    Where is this individual retail property located?
    The property is located at 6432 Woodward Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 5,574 SF building with parking lot, alleyway easement, and secondary entrance at 28 E Milwaukee Ave.; 10-year transferable tax abatement.; New HVAC cut-ins (interior distribution incomplete).
    Request Owner's contact information
    6432 Woodward Ave Detroit, MI 48202
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    Detroit, MI 48202
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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
    6432 Woodward Ave Detroit, MI 48202
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