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    12921 Woodward Ave Highland Park, MI 48203

    For Sale
    $1,050,000

    High-traffic location, 0.87 acres, retail potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity on Woodward Avenue in Highland Park, Michigan. Situated at 12921 Woodward Ave, zip code 48203, this property boasts nearly 200 feet of frontage on this major thoroughfare, offering unparalleled visibility and accessibility. The location is highly desirable, just minutes from downtown Detroit and south of the Davison (M-8) freeway, ensuring convenient access for customers and employees. The property is zoned B1, Restricted Business District, making it suitable for a variety of commercial developments, including retail establishments or office spaces. Surrounding businesses include a diverse range of retailers such as Aldi, Forman Mills, Dollar Tree, and Dollar General, indicating a strong and established commercial presence in the immediate area. The asking price for this prime commercial land is $1,050,000. This is an exceptional chance to acquire a strategically located property with significant development potential in a thriving commercial corridor. Don't miss this opportunity to secure a piece of Woodward Avenue's vibrant future.

    Property Features for 12921 Woodward Ave

    General Information

    Property type
    Land
    Lot Size
    37,897 SF

    HighLights

    • $1,050,000 asking price.
    • 0.87‑acre commercial land parcel.
    • B1 zoning (Restricted Business District).
    • Located at 12921 Woodward Ave, Highland Park, MI 48203.
    • High‑traffic location on Woodward Ave, near M‑8, with approximately 200 feet of frontage.
    • Surrounded by national retailers including Aldi, Forman Mills, Dollar Tree, and Dollar General.
    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
    -83.0941
    Latitude
    42.400277

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    FAQs

    What type of property is this?
    Land - High-traffic location, 0.87 acres, retail potential.
    Where is this land located?
    The property is located at 12921 Woodward Ave Highland Park, MI.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: $1,050,000 asking price.; 0.87-acre commercial land parcel.; B1 zoning (Restricted Business District).
    (248) 242-6766
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    12921 Woodward Ave Highland Park, MI 48203
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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
    12921 Woodward Ave Highland Park, MI 48203
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