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    16455 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Lease
    $10 SF/Yr ($17,383 /Mo)

    Prime Office Building, 20,860 SF Available

    Lot size:
    20,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,860-square-foot office building, located at 16455 Woodward Avenue in Wayne County, presents a unique opportunity for a single tenant. Built in 2000, this two-story structure boasts a highly desirable Transit Oriented Design (TOD) zoning classification. The property is exceptionally well-maintained and updated, featuring a secure automatic gated access system for enhanced safety and peace of mind. The building is completely vacant and ready for immediate occupancy, offering a true turnkey solution. Internal amenities include a commercial kitchen, a basketball court, and a convenient elevator for easy access between floors. The building's previous use as the headquarters for a large church speaks to its spacious layout and adaptable design. The entire 20,860 square feet is available, or the space can be divided between the first and second floors to suit specific needs. The property's APN is 43-003-01-0007-000. This prime location just south of West McNichols Road on Woodward Avenue offers excellent visibility and accessibility. This is an unparalleled opportunity to secure a substantial, well-appointed office space in a highly sought-after area.

    Property Features for 16455 Woodward Ave

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,860 SF
    Total Rate
    17383.33

    Building Details

    Year Built
    2000
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 16455
    Size
    20,860 SF
    Rate per SF
    $10

    HighLights

    • 20,860 SF office building in Wayne County, Michigan.
    • Single‑tenant occupancy, fully vacant.
    • Built in 2000, two stories with elevator.
    • Transit‑Oriented Development (TOD) zoning.
    • Features include a commercial kitchen, basketball court, and secured gated access.
    • Previously occupied by a large church.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -83.1046596
    Latitude
    42.4164863

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    FAQs

    What type of property is this?
    Office building - Prime Office Building, 20,860 SF Available
    Where is this office building located?
    The property is located at 16455 Woodward Ave Highland Park, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 20,860 SF office building in Wayne County, Michigan.; Single-tenant occupancy, fully vacant.; Built in 2000, two stories with elevator.
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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
    16455 Woodward Ave Highland Park, MI 48203
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