6432 Woodward Ave Detroit, MI 48202
This exceptional 5,574 square foot storefront at 6432 Woodward Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2022, this three-story building boasts a multitude of recent upgrades. Improvements include a new roof on the second and third floors, a new sewer line, and an upgraded 800-amp electrical service with a new DTE pole. The HVAC system has new cut-ins (interior distribution not yet completed). The building's structural support has been completely updated, including a dug-out basement with new poured walls to support potential rooftop use. The property also features exposed natural brick on both floors, and all debris has been removed. Additional footings have been added to accommodate a future staircase. The property includes a 28 E Milwaukee Ave entrance, parking lot, and alleyway easement. This B-4 zoned property benefits from a transferable 10-year incremental tax abatement. The Wayne County property is identified by APN numbers W01/I004281S and W01/I001889S. Asking price is $899,000. This is a rare chance to acquire a beautifully renovated, historically significant retail space in a vibrant Detroit location.
-
Audio By Caruso Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.