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    11744 Woodward Ave Highland Park, MI 48203

    For Sale
    $1,100,000

    Prime Retail Space: Liquor License Included

    Property size:
    4,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,125-square-foot storefront, located at 11744 Woodward Avenue in Highland Park, Michigan (zip code 48203), presents a lucrative investment opportunity. Currently operating as a liquor store, this property boasts a highly desirable location and comes complete with an existing liquor license. The asking price is $1,100,000, translating to $266.67 per square foot. The building features an impressive 18-foot ceiling height, providing ample space and flexibility for various retail uses. A paved parking lot offers convenient customer access. The property is zoned 201 Commercial, ensuring a wide range of permitted business activities. Detailed financial information, including lease rates, is available upon request. The lease rate is $20.36 per square foot, triple net (NNN). Inventory is sold separately. This turnkey operation is ideal for an experienced entrepreneur seeking a profitable venture in a thriving community. The property's strategic location on Woodward Avenue ensures high visibility and foot traffic, making it an exceptional investment opportunity. Serious inquiries only.

    Property Features for 11744 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,125 SF

    HighLights

    • 4,125 square feet storefront available at 11744 Woodward Avenue, Highland Park, MI 48203.
    • Zoned 201 Commercial.
    • 18' ceiling height.
    • Paved parking lot.
    • Lease rate: $20.36/sq. ft., NNN.
    • Sale price: $1,100,000 ($266.67/sq. ft.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.0885198
    Latitude
    42.3935462

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space: Liquor License Included
    Where is this individual retail property located?
    The property is located at 11744 Woodward Ave Highland Park, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 4,125 square feet storefront available at 11744 Woodward Avenue, Highland Park, MI 48203.; Zoned 201 Commercial.; 18' ceiling height.
    Request Owner's contact information
    11744 Woodward Ave Highland Park, MI 48203
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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
    11744 Woodward Ave Highland Park, MI 48203
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