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    20404 Woodward Ave Detroit, MI 48203

    Sponsored
    For Lease
    $14 SF/Yr ($5,000 /Mo)

    Freestanding Retail, High Visibility, 4,286 SF

    Lot size:
    4,286 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 4,286 square foot freestanding retail building presents a unique investment opportunity. Completely renovated in 2024, the property boasts a modern façade and enjoys unparalleled visibility on Woodward Avenue. Situated in a prime location within the Gateway Marketplace shopping center, this single-tenant space benefits from the significant draw of over 340,000 square feet of established retail neighbors, including major brands like Meijer, Marshalls, Planet Fitness, and Five Below. The building's strategic placement offers excellent access and exposure to high traffic volume. The B-3 Shopping District zoning allows for a wide range of retail uses. The property's proximity to the new Amazon fulfillment center, located just north of the former Michigan State Fairgrounds, further enhances its desirability and potential for strong returns. With its recent renovation, modern design, and advantageous location within a thriving retail hub, this property is ideally suited for a variety of retail businesses seeking a high-impact presence in a bustling commercial area. The entire 4,286 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a prominent retail space in a rapidly developing area.

    Property Features for 20404 Woodward Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,286 SF
    Total Rate
    5000.33

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,286 SF
    Rate per SF
    $14

    HighLights

    • Retail property totaling 4,286 square feet.
    • Single‑tenant freestanding building.
    • Fully vacant, 4,286 square feet available.
    • Renovated in 2024.
    • Located in the B‑3 Shopping District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1227197
    Latitude
    42.444149

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    FAQs

    What type of property is this?
    Retail property - Freestanding Retail, High Visibility, 4,286 SF
    Where is this retail property located?
    The property is located at 20404 Woodward Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 4,286 square feet.; Single-tenant freestanding building.; Fully vacant, 4,286 square feet available.
    Request Owner's contact information
    20404 Woodward Ave Detroit, MI 48203
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    Detroit, 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
    20404 Woodward Ave Detroit, MI 48203
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