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    7300 Woodward Ave Detroit, MI 48202

    For Lease
    $17 SF/Yr

    100,000 SF Available, Prime Location

    Lot size:
    263,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 263,240 square foot, Class B office building, constructed in 1912, offers a unique opportunity in Detroit's vibrant New Center area. Located at the highly visible northeast corner of Woodward Avenue and East Grand Boulevard, this eight-story building boasts over 300 parking spaces and is conveniently situated near major expressways (I-75, I-94, and M-10) and the QLine streetcar. Currently undergoing extensive renovations, including facade improvements, upgraded entrances, HVAC system enhancements, and elevator modernization, this property is poised for immediate occupancy. The building is multi-tenant, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 100,000 square feet currently available. This presents a rare chance to secure a significant footprint in a rapidly developing area where the New Center, Milwaukee Junction, Tech Town, and North End neighborhoods converge. The address is 7300 Woodward Avenue, Detroit, Michigan, 48202, in Wayne County. The building features elevators and is ideal for traditional office, executive office, or medical office uses.

    Property Features for 7300 Woodward Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    263,240 SF
    Class
    B
    Total Rate
    372923.33

    Building Details

    Year Built
    1912
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    7300 Woodward
    Size
    100,000 SF
    Rate per SF
    $17

    HighLights

    • 263,240 SF Class B office building in Detroit's New Center, undergoing extensive renovations.
    • High‑visibility corner location at Woodward Ave & East Grand Blvd, with over 300 parking spaces.
    • Convenient access to I‑75, I‑94, M‑10, and the QLine.
    • Multi‑tenant building with spaces ranging from 2,500 SF to 100,000 SF available.
    • Designed by Albert Kahn, with 24‑hour security, on‑site food provider, and proximity to major employers and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    7300 Woodward Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.072491
    Latitude
    42.3709289

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    FAQs

    What type of property is this?
    Medical office - 100,000 SF Available, Prime Location
    Where is this medical office located?
    The property is located at 7300 Woodward Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 263,240 SF Class B office building in Detroit's New Center, undergoing extensive renovations.; High-visibility corner location at Woodward Ave & East Grand Blvd, with over 300 parking spaces.; Convenient access to I-75, I-94, M-10, and the QLine.
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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
    7300 Woodward Ave Detroit, MI 48202
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