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    8400 Woodward Ave Detroit, MI 48202

    Sponsored
    For Sale
    $625,000

    Prime Detroit lot, B4 zoning, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.69-acre commercial land parcel presents a rare redevelopment opportunity in Detroit's vibrant North End. Located at 8400 Woodward Avenue, this prime corner lot boasts a highly desirable B4 zoning classification, opening doors to a wide range of commercial development possibilities. The property's strategic location on Woodward Avenue ensures high visibility and accessibility, with an estimated 19,000 vehicles passing daily. This translates to significant potential for attracting customers and maximizing return on investment. The substantial lot size offers ample space for a variety of projects, from retail establishments and restaurants to office buildings or mixed-use developments. Given its prime location and zoning, this property represents a unique chance to capitalize on the ongoing revitalization of Detroit's North End. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The asking price is $625,000. Wayne County, Michigan, zip code 48202.

    Property Features for 8400 Woodward Ave

    General Information

    Property type
    Land
    Lot Size
    30,056 SF

    HighLights

    • 0.69‑acre commercial land parcel in Detroit's North End, offering a rare redevelopment opportunity.
    • Prime corner lot at 8400 Woodward Avenue with high visibility and accessibility.
    • B4 zoning allows for diverse commercial development, including retail, restaurants, office, and mixed‑use projects.
    • High traffic count of approximately 19,000 vehicles daily.
    • Asking price: $625,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.0776969
    Latitude
    42.3776009

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    FAQs

    What type of property is this?
    Land - Prime Detroit lot, B4 zoning, redevelopment potential.
    Where is this land located?
    The property is located at 8400 Woodward Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 0.69-acre commercial land parcel in Detroit's North End, offering a rare redevelopment opportunity.; Prime corner lot at 8400 Woodward Avenue with high visibility and accessibility.; B4 zoning allows for diverse commercial development, including retail, restaurants, office, and mixed-use projects.
    (248) 833-6601
    Request Owner's contact information
    8400 Woodward Ave Detroit, MI 48202
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    Detroit, MI 48202
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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
    8400 Woodward Ave Detroit, MI 48202
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