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    401-411 Old Woodward Ave Birmingham, MI 48009

    Sponsored
    For Lease
    $47 SF/Yr

    108,753 SF Retail Space Available

    Lot size:
    108,753 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail property, located at 401-411 S. Old Woodward Avenue in Birmingham, Michigan, offers 108,753 square feet of space in a single, six-story free-standing building. Built in 1983 and extensively renovated in 2005, the property sits on a 1.49-acre lot and boasts ample parking with 1,320 spaces. Currently, 2,823 square feet of contiguous space is available for lease. The building features elevators and is zoned B-4. Its prime location on Old Woodward Avenue, with a cross street of Daines Street, provides excellent visibility and accessibility. The property's multiple tenancy structure offers flexibility for various retail businesses. The Oakland County location (APN 19-36-208-017) provides access to a thriving market and strong demographics. This is a rare opportunity to secure a significant retail presence in a highly desirable Birmingham location. The building's substantial size and modern amenities make it an ideal space for a variety of retail uses. The large parking area ensures convenient access for customers and employees. Don't miss this chance to establish your business in this exceptional retail center.

    Property Features for 401-411 Old Woodward Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,753 SF
    Class
    A
    Total Rate
    425949.25

    Building Details

    Year Built/Renovated
    1983/2005
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Suite 373
    Size
    2,823 SF
    Rate per SF
    $47

    HighLights

    • 108,753 SF Class A retail building on a 1.49‑acre lot in Birmingham, MI.
    • Highly desirable retail space with high‑end finishes.
    • Premier location in Downtown Birmingham on Old Woodward Ave.
    • Dedicated parking facility with over 1,300 spaces.
    • Impressive two‑story atrium lobby and landscaped courtyard.
    • Recent capital improvements including roof, HVAC, fire system, and first‑floor retail areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2112551
    Latitude
    42.5440979

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    FAQs

    What type of property is this?
    Individual retail property - 108,753 SF Retail Space Available
    Where is this individual retail property located?
    The property is located at 401-411 Old Woodward Ave Birmingham, MI.
    What is the lease rate?
    The lease rate is $47 SF/Yr.
    What are key features of this property?
    This property features: 108,753 SF Class A retail building on a 1.49-acre lot in Birmingham, MI.; Highly desirable retail space with high-end finishes.; Premier location in Downtown Birmingham on Old Woodward Ave.
    Request Owner's contact information
    401-411 Old Woodward Ave Birmingham, MI 48009
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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
    401-411 Old Woodward Ave Birmingham, MI 48009
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