Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 Woodward Ave Royal Oak, MI 48226

    For Lease
    Contact for pricing

    Prime Detroit office, flexible suites available.

    Lot size:
    979,489 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional office building, located at 500 Woodward Avenue in Detroit, Michigan, offers a variety of spaces for lease. The Ally Detroit Center boasts a total of 979,489 square feet, situated on a 2.88-acre lot. Built in 1993, this traditional office building is zoned PCA (Planned Commercial Area) and features a Wayne County APN of 01-00408-796. The property is currently multi-tenant occupied, with a significant amount of vacant space totaling 143,945 square feet available for immediate lease. This presents a unique opportunity for businesses seeking flexible office solutions. Individual suites range from a minimum of 2,199 square feet to a maximum contiguous space of 26,283 square feet, catering to a variety of business needs and sizes. The building's central location in Detroit, with the address 500 Woodward Avenue, zip code 48226, provides excellent access to transportation and amenities. This is a high-profile opportunity to establish a presence in a vibrant and dynamic urban setting. The property's size and flexibility make it ideal for a range of businesses, from small startups to large corporations. Interested parties are encouraged to inquire about available space and lease terms.

    Property Features for 500 Woodward Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    979,489 SF

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Suite 1700
    Size
    24,668 SF
    Space
    Suite 2120
    Size
    2,199 SF
    Space
    Suite 2150
    Size
    3,609 SF
    Space
    Suite 2200
    Size
    25,175 SF
    Space
    Suite 2300
    Size
    25,910 SF
    Space
    Suite 2800
    Size
    10,680 SF
    Space
    Suite 3700
    Size
    25,036 SF
    Space
    Suite 3800
    Size
    23,202 SF

    HighLights

    • Class A High‑Rise Office Tower Available for Lease
    • Prestigious Corporate Setting, Perfect for Professional Services
    • Suites from 2,199 to 51,085 square feet
    • Move‑in Ready Suites & Full Floors Available
    • Ground Floor Amenities Include Plum Market, Flagstar Bank, & Townhouse Restaurant
    • On‑site Parking Garage
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0449737
    Latitude
    42.3301456

    Nearby Similar for Lease

    • $9,277 /Mo
      4,123 SF

      Royal Oak Commercial Space Available

      Prime commercial space in Royal Oak's Social District.
      423 S Washington Ave, Royal Oak, MI 48067
      View Details
    • $5,282 /Mo
      4,244 SF

      Royal Oak Commercial Sublease Opportunity

      Prime commercial space in downtown Royal Oak, suitable for various businesses.
      404 E 4Th St, Royal Oak, MI 48067
      View Details
    • $2,550 /Mo
      3,598 SF

      Downtown Royal Oak Retail Space

      Prime retail space in downtown Royal Oak with high visibility.
      601 N Main St, Royal Oak, MI 48067
      View Details
    • New
      $2,800 /Mo
      1,220 SF

      Downtown Royal Oak Office Space

      Classy 1220 SF office in the heart of Royal Oak.
      417 E 4Th St, Royal Oak, MI 48067
      View Details
    • $800 /Mo
      18,820 SF

      Royal Oak Office Space Sublet

      Partially furnished 500 sq ft office space for sublet.
      26862 Woodward Ave, Royal Oak, MI 48067
      View Details
    • $550 /Mo
      8,643 SF

      Renovated Office Space Near Downtown

      Updated office building near downtown Royal Oak with included utilities.
      1316 N Campbell Rd, Royal Oak, MI 48067
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Detroit office, flexible suites available.
    Where is this office property / space located?
    The property is located at 500 Woodward Ave Royal Oak, MI.
    What are key features of this property?
    This property features: Class A High-Rise Office Tower Available for Lease; Prestigious Corporate Setting, Perfect for Professional Services; Suites from 2,199 to 51,085 square feet
    Request Owner's contact information
    500 Woodward Ave Royal Oak, MI 48226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Woodward Ave
    Royal Oak, MI 48226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    500 Woodward Ave Royal Oak, MI 48226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.