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    4501 Woodward Ave Detroit, MI 48201

    For Lease
    $28 SF/Yr

    Detroit Office/Retail Space, 2,121-4,243 SF

    Lot size:
    155,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Studio One Retail Center, located at 4501 Woodward Avenue in Detroit, Michigan, 48201, offers a prime retail and office space opportunity. This multi-tenant building boasts a total of 155,000 square feet, with a currently available contiguous space ranging from 2,121 to 4,243 square feet. The space is ideal for executive offices, banks, or storefronts, given its flexible layout and prominent location. The building provides ample parking with 950 spaces available for tenants and their clients. This vibrant location places your business amongst established and successful businesses including Walgreens, Starter's Bar & Grill, H&R Block, and Zeal Credit Union, ensuring high visibility and foot traffic. The minimum divisible space is 2,121 square feet, offering flexibility for businesses of various sizes. This is a unique chance to establish a presence in a thriving Detroit commercial hub. The property's address is easily accessible and benefits from excellent visibility along Woodward Avenue. The available space presents a compelling opportunity for businesses seeking a high-traffic location in a well-established retail center. Don't miss this chance to secure your space in this dynamic Detroit location.

    Property Features for 4501 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    155,000 SF
    Total Rate
    361666.67

    Unit(s) available at that property

    Space
    Suite D
    Size
    4,243 SF
    Rate per SF
    $28

    HighLights

    • Price is negotiable.
    • 2,121 - 4,243 square feet of contiguous office space available.
    • Office space in a multi‑tenant building.
    • Building size is 155,000 square feet with 950 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Poke Poke - Sushi ... Fast Food Restaurant Studio One Apartments Apartment Complex Community Pharmacy Pharmacy The UPS Store Shipping And Mailing Service Zeal Credit Union Credit Union

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.062770975407
    Latitude
    42.353501887855

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    FAQs

    What type of property is this?
    Individual retail property - Detroit Office/Retail Space, 2,121-4,243 SF
    Where is this individual retail property located?
    The property is located at 4501 Woodward Ave Detroit, MI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Price is negotiable.; 2,121 - 4,243 square feet of contiguous office space available.; Office space in a multi-tenant building.
    Request Owner's contact information
    4501 Woodward Ave Detroit, MI 48201
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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
    4501 Woodward Ave Detroit, MI 48201
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