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    14467 Woodward Ave Highland Park, MI 48203

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Retail Space, High Traffic Area

    Lot size:
    64,518 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Highland Park Place, located at 14467 Woodward Avenue in Highland Park, Michigan, presents a unique opportunity for retail businesses. This 64,518 square foot shopping center, built in 1993, sits on a 204,732 square foot lot and offers ample parking with 208 spaces. Currently, there are three available spaces ranging from 1,200 to 7,000 square feet of vacant space, representing a total of 7,000 square feet of immediate occupancy potential. The property is zoned C3 and enjoys a highly visible corner location at the intersection of Woodward Avenue and Manchester Street, a main commercial corridor in Highland Park. This strategic location benefits from exceptional daily traffic counts, exceeding 24,000 vehicles, and strong pedestrian traffic due to its proximity to public transportation. The center offers a prime signage opportunity for increased visibility and brand recognition. Wayne County is the location of this property, and the zip code is 48203. This is an excellent opportunity to establish or expand a retail presence in a thriving community.

    Property Features for 14467 Woodward Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,518 SF
    Total Rate
    86024

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Suite 14331
    Size
    1,200 SF
    Rate per SF
    $16
    Space
    suite 14361
    Size
    1,300 SF
    Rate per SF
    $16
    Space
    Suite 14201
    Size
    7,000 SF
    Rate per SF
    $16

    HighLights

    • Nineteen (19) unit multifamily property.
    • High‑demand location with strong rental rates.
    • Excellent condition with recent upgrades.
    • Proven track record of high occupancy.
    • Significant potential for value appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -83.0999008
    Latitude
    42.4083607

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 14467 Woodward Ave Highland Park, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Nineteen (19) unit multifamily property.; High-demand location with strong rental rates.; Excellent condition with recent upgrades.
    Request Owner's contact information
    14467 Woodward Ave 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
    14467 Woodward Ave Highland Park, MI 48203
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