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    4612 Woodward Ave Detroit, MI 48201

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    For Lease
    Contact for pricing

    Prime Woodward Ave location, 11,118 SF, 62 parking spaces.

    Lot size:
    11,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 11,118-square-foot medical office building presents a unique investment opportunity in the vibrant Midtown Detroit area. Located on Woodward Avenue, between Garfield and East Forest Streets, this single-tenant property boasts a substantial 62-space surface parking lot, a significant advantage in this high-demand location. The building's former use as a Rite Aid pharmacy provides a readily adaptable layout, ideal for a variety of medical practices or related businesses. Its strategic position places it just two blocks from the Detroit Medical Center, ensuring convenient access for patients and staff. The property benefits from its proximity to key amenities, including Whole Foods Market, the Mike Ilitch School of Business at Wayne State University, and Little Caesars Arena, attracting a large and diverse population. Furthermore, its location within easy reach of the densely populated Brush Park residential community offers a strong potential customer base. This is a rare chance to acquire a substantial, well-located property in a thriving urban core. The ample parking and convenient access to major transportation routes make this an exceptionally attractive proposition for medical professionals seeking a high-visibility location in a rapidly developing area of Detroit. The 11,118 square feet of vacant space offers significant potential for customization and immediate occupancy. The property is situated in Wayne County.

    Property Features for 4612 Woodward Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,118 SF

    Unit(s) available at that property

    Space
    Size
    11,118 SF

    HighLights

    • 11,118 SF medical office building in Midtown Detroit.
    • Single‑tenant occupancy, fully vacant.
    • 62 surface parking spaces.
    • Located on Woodward Ave, near the Detroit Medical Center.
    • Prime location in Detroit's Cultural District, close to amenities including Whole Foods and Little Caesars Arena.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Rite Aid Pharmacy Pharmacy Amazon Locker - Cattle Mailing Service Rite Aid Photo Photo Lab Western Union Money Transfer Service

    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
    -83.0620557
    Latitude
    42.3540339

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    FAQs

    What type of property is this?
    Medical office - Prime Woodward Ave location, 11,118 SF, 62 parking spaces.
    Where is this medical office located?
    The property is located at 4612 Woodward Ave Detroit, MI.
    What are key features of this property?
    This property features: 11,118 SF medical office building in Midtown Detroit.; Single-tenant occupancy, fully vacant.; 62 surface parking spaces.
    Request Owner's contact information
    4612 Woodward Ave Detroit, MI 48201
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    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
    4612 Woodward Ave Detroit, MI 48201
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