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    13700 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Sale
    $3,448,800

    Highland Park, MI Office Space for Sale

    Property size:
    34,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional eight-story Class C executive office building, located at 13700 Woodward Avenue in Highland Park, Michigan, presents a compelling investment opportunity. Boasting 34,488 square feet of space, the building is currently offered at $3,448,800, translating to $100 per square foot. Constructed in 1925 and renovated in 1960, the property sits on a 0.29-acre lot within a Central Business District (CBD) permitted zoning area. The building features eight individual units, providing flexibility for various occupancy scenarios. The property includes a basement and fenced parking. Note that the adjacent 13714 Woodward Avenue is not included in this sale. This multi-tenant building offers a strong potential for return on investment in a vibrant location. The property's substantial size and prime location in Wayne County, Michigan, zip code 48203, make it an attractive prospect for investors seeking a well-established office building in a desirable area. The building's history and solid construction provide a stable foundation for future growth and development. Serious inquiries are encouraged to explore this unique opportunity further.

    Property Features for 13700 Woodward Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    34,488 SF
    Class
    C
    Lot Size
    12,632 SF

    Building Details

    Year Built/Renovated
    1925/1960
    Buildings
    1
    Stories
    8
    Units
    8

    HighLights

    • 34,488 square feet available.
    • Eight‑story office building with basement.
    • 13714 Woodward Avenue is excluded from this sale.
    • Fenced parking available.
    • Sale price: $3,448,800 ($100 per square foot).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.0959023
    Latitude
    42.4044467

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    FAQs

    What type of property is this?
    Office Property / Space - Highland Park, MI Office Space for Sale
    Where is this office property / space located?
    The property is located at 13700 Woodward Ave Highland Park, MI.
    What is the asking price?
    The asking price for this property is $3,448,800.
    What are key features of this property?
    This property features: 34,488 square feet available.; Eight-story office building with basement.; 13714 Woodward Avenue is excluded from this sale.
    (248) 359-0615
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    13700 Woodward Ave 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
    13700 Woodward Ave Highland Park, MI 48203
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