6432 Woodward Ave Detroit, MI 48202
- Retail properties
- 5,574 SF
Current Use by Public Records
- Audio By Caruso / Electronics Store
Property Details for 6432 Woodward Ave
- Year built
- 1930
- Property size
- 5,574 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0723
- Latitude
- 42.369
