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    OFF-MARKET
    Retail properties & Spaces

    3603 Woodward Ave, Detroit, MI 48201

    152,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3,556 square foot restaurant space is located on the first floor of the prestigious Orchestra Place, a five-story, 152,000 square foot mixed-use building in Detroit, Michigan. Situated at 3603 Woodward Ave, 48201, this prime retail opportunity is part of a vibrant building with a diverse tenant mix. Current occupants include a major national bank, Trek Bicycles, and other established businesses. The building's strong occupancy rate is further enhanced by the presence of Detroit Medical Center (DMC) and University of Michigan (U of M) tenants in the upper floors. This space offers significant potential for a restaurant or other retail establishment. A unique advantage is the possibility of incorporating outdoor seating, facilitated by overhead doors on the MLK side of the building. The convenience of an adjacent public parking deck is a significant benefit, addressing the common parking challenges in the city. The available space is part of a larger 152,000 square foot building, with a total of 3,204 square feet currently vacant. This location provides excellent visibility and accessibility, making it an ideal choice for a business seeking a high-traffic area in the heart of Detroit.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 152,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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