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    12029 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Lot size:
    6,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 12029 Woodward Avenue in the vibrant Highland Park, Michigan, 48203 area. The property, known as Highland Point Plaza, offers multiple tenancy options within a strip center configuration. Two spaces are currently available, ranging in size from a generous 1,664 square feet to an expansive 4,900 square feet, providing flexibility for a variety of retail businesses. The property benefits from a high-traffic location, ensuring excellent visibility and customer accessibility. This is a fantastic chance to establish or expand your business in a thriving commercial district. The building's location offers significant advantages for businesses seeking high foot traffic and prominent exposure. The presence of established tenants, including Family Dollar, further enhances the appeal and desirability of this location. An end-cap unit is also available, providing additional benefits such as increased visibility and signage opportunities. The total building square footage is not currently specified. This property presents a compelling investment opportunity for businesses seeking a prime retail location in a dynamic and growing area. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional space offers.

    Property Features for 12029 Woodward Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,564 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    4,900 SF
    Space
    Available Space 1
    Size
    1,664 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood 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.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.08978406
    Latitude
    42.39484639

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, High Traffic Area
    Where is this neighborhood center located?
    The property is located at 12029 Woodward Ave Highland Park, MI.
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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
    12029 Woodward Ave Highland Park, MI 48203
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