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    4100-4138 Woodward Ave Detroit, MI 48201

    Sponsored
    For Sale
    $16,500,000

    Iconic Entertainment Complex - Vacant, Priced to Sell

    Property size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    The Majestic Theatre Complex, a unique special-purpose property located at 4100-4138 Woodward Avenue in Detroit, Michigan (48201), presents a compelling investment opportunity. This vacant, 33,000 to 40,760 square foot entertainment venue sits on a 1.27-acre lot and offers significant redevelopment potential. The property's prime location in Wayne County provides excellent visibility and accessibility. The asking price is $16,500,000. The existing structure provides ample space for a variety of entertainment uses, and the property includes 75 parking spaces, a significant asset in a high-traffic urban area. The lease type is modified, offering flexibility for future tenants. This property is ideal for an investor seeking a high-profile project with substantial upside in a revitalizing urban core. Its size and location make it suitable for a wide range of entertainment-focused ventures. The vacant status allows for complete customization to suit a buyer's vision. Detailed property information and plans are available upon request. This is a rare chance to acquire a landmark Detroit property with immense potential for future growth and profitability. Don't miss this opportunity to own a piece of Detroit's vibrant history and future.

    Property Features for 4100-4138 Woodward Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    33,000 SF
    Lot Size
    55,321 SF

    HighLights

    • 40,760 square feet of space.
    • 1.27‑acre lot.
    • Contact listing agents for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0597756
    Latitude
    42.3510083

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    FAQs

    What type of property is this?
    Specialty property - Iconic Entertainment Complex - Vacant, Priced to Sell
    Where is this specialty property located?
    The property is located at 4100-4138 Woodward Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $16,500,000.
    What are key features of this property?
    This property features: 40,760 square feet of space.; 1.27-acre lot.; Contact listing agents for details.
    (248) 351-4384
    Request Owner's contact information
    4100-4138 Woodward Ave Detroit, MI 48201
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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
    4100-4138 Woodward Ave Detroit, MI 48201
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