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    19600 Woodward Ave Detroit, MI 48203

    Sponsored
    For Sale
    $2,500,000

    Prime Detroit location, 40-lane alley, high growth potential.

    Property size:
    41,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 41,380 square foot, free-standing building situated on a 2.59-acre lot in Detroit, Michigan. Originally constructed in 1943 and renovated in 2000, the property boasts a thriving 40-lane bowling center, currently operating at 50% occupancy, offering significant upside potential. Included in the sale are three valuable liquor licenses. The property features two buildings, with ample parking for 126 vehicles. The B4 zoning allows for diverse retail uses, expanding possibilities beyond the existing bowling alley. The location on Woodward Avenue sees 23,689 vehicles daily, and is within three miles of a population of 131,000. This presents a unique chance to acquire both the established business and the real estate, creating a lucrative investment in a high-growth area. The property's size and zoning offer flexibility for expansion or repurposing the second building into additional entertainment or retail space. The asking price is $2,500,000, with a land value of $60.42 per square foot. This is a rare opportunity to own a significant piece of Detroit's commercial landscape. The property's address is 19600 Woodward Ave, Detroit, MI 48203. APN: 01009831-2.

    Property Features for 19600 Woodward Ave

    General Information

    Property type
    Restaurants
    Square Feet
    41,380 SF
    Lot Size
    112,820 SF

    Building Details

    Year Built/Renovated
    1943/2000
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $2,500,000 asking price for a 41,380 SF free‑standing building.
    • Includes a 40‑lane bowling center.
    • Business and real estate sold together.
    • Three liquor licenses included in the sale.
    • B4 zoning allows for flexible retail uses.
    • 2.59‑acre lot with 126 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Renaissance Bowling Center Bowling Alley

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1174781
    Latitude
    42.437148

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    FAQs

    What type of property is this?
    Restaurant - Prime Detroit location, 40-lane alley, high growth potential.
    Where is this restaurant located?
    The property is located at 19600 Woodward Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 41,380 SF free-standing building.; Includes a 40-lane bowling center.; Business and real estate sold together.
    Request Owner's contact information
    19600 Woodward Ave Detroit, MI 48203
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    Detroit, 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
    19600 Woodward Ave Detroit, MI 48203
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