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    11744 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Lease
    $20 SF/Yr ($6,998 /Mo)

    Prime Woodward Ave. Liquor Store Opportunity

    Lot size:
    4,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,125-square-foot retail storefront, located at 11744 Woodward Avenue in Highland Park, Michigan, presents a unique investment opportunity. Currently vacant, the property is zoned 201 Commercial and offers a single-tenant occupancy. The building's entire 4,125 square feet is available for immediate lease or purchase. A significant advantage is the inclusion of an existing liquor license, streamlining the process for prospective buyers or tenants in the beverage industry. The property is situated in Wayne County, within the 48203 zip code, providing convenient access to major thoroughfares and a substantial customer base. The building's location on Woodward Avenue offers high visibility and significant foot traffic, making it an ideal location for a variety of retail businesses, particularly given the existing liquor license. Inventory is sold separately, allowing for flexibility in acquisition and business setup. This turnkey opportunity is perfect for an entrepreneur looking to establish a thriving retail operation in a high-traffic area. Serious inquiries are encouraged to explore the potential of this prime commercial real estate asset. The property's latitude and longitude coordinates are 42.3935462 and -83.0885198 respectively.

    Property Features for 11744 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,125 SF
    Total Rate
    6998.75

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,125 SF
    Rate per SF
    $20

    HighLights

    • 4,125 SF retail storefront available for lease or sale at $20.36/SF NNN or $1,100,000 ($266.67/SF).
    • Zoned Commercial (201).
    • 18' ceiling height.
    • Paved parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0885198
    Latitude
    42.3935462

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    FAQs

    What type of property is this?
    Individual retail property - Prime Woodward Ave. Liquor Store Opportunity
    Where is this individual retail property located?
    The property is located at 11744 Woodward Ave Highland Park, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,125 SF retail storefront available for lease or sale at $20.36/SF NNN or $1,100,000 ($266.67/SF).; Zoned Commercial (201).; 18' ceiling height.
    Request Owner's contact information
    11744 Woodward Ave Highland Park, MI 48203
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    Highland Park, MI 48203
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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
    11744 Woodward Ave Highland Park, MI 48203
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