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    16121 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Sale
    $225,000

    High-visibility corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.62-acre commercial land parcel, located at 16121 Woodward Avenue in Highland Park, Michigan (48203), presents a compelling value-add opportunity. Situated on a corner lot, the property benefits from exceptional visibility and high traffic counts, with 23,711 vehicles traversing Woodward Avenue daily. The property is zoned TOD, offering flexibility for various commercial developments. Its strategic location provides convenient access to major thoroughfares, including I-96 and I-75, ensuring excellent connectivity. The area boasts a thriving commercial environment, with numerous national and local retailers in close proximity, including Aldi, Forman Mills, Family Dollar, Popeyes, Wendy's, Little Caesars Pizza, O'Reilly Auto Parts, Highland Park Auto Services, Comerica Bank, and Powerhouse Gym. Furthermore, the property is near several attractions such as Ford Park, the Boys & Girls Club of Southeastern Michigan, Palmer Park, Detroit Golf Club, Bill Snethkamp Chrysler Dealership, and the University of Detroit Mercy. Offered at $225,000, this fee simple ownership presents a rare chance to acquire a prime commercial site in a dynamic location. The intersection of Woodward Avenue and Moss Street, south of 6 Mile Road, provides unparalleled exposure and potential for significant return on investment.

    Property Features for 16121 Woodward Ave

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    HighLights

    • High‑traffic corner location at Woodward Ave. & Moss St., south of 6 Mile Rd.
    • Woodward Ave. boasts 23,711 vehicles per day.
    • Excellent access to I‑96 & I‑75 freeways.
    • Strong retail synergy with nearby national and local tenants including Aldi, Forman Mills, and numerous restaurants and service providers.
    • Proximity to Ford Park, Palmer Park, and other community amenities, including the University of Detroit Mercy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.102942496037
    Latitude
    42.414260990357

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot, ideal for development.
    Where is this land located?
    The property is located at 16121 Woodward Ave Highland Park, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: High-traffic corner location at Woodward Ave. & Moss St., south of 6 Mile Rd.; Woodward Ave. boasts 23,711 vehicles per day.; Excellent access to I-96 & I-75 freeways.
    (248) 226-1610
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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
    16121 Woodward Ave Highland Park, MI 48203
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