500 Woodward Ave, Royal Oak, MI 48226
This exceptional office building, located at 500 Woodward Avenue in Detroit, Michigan, offers a variety of spaces for lease. The Ally Detroit Center boasts a total of 979,489 square feet, situated on a 2.88-acre lot. Built in 1993, this traditional office building is zoned PCA (Planned Commercial Area) and features a Wayne County APN of 01-00408-796. The property is currently multi-tenant occupied, with a significant amount of vacant space totaling 143,945 square feet available for immediate lease. This presents a unique opportunity for businesses seeking flexible office solutions. Individual suites range from a minimum of 2,199 square feet to a maximum contiguous space of 26,283 square feet, catering to a variety of business needs and sizes. The building's central location in Detroit, with the address 500 Woodward Avenue, zip code 48226, provides excellent access to transportation and amenities. This is a high-profile opportunity to establish a presence in a vibrant and dynamic urban setting. The property's size and flexibility make it ideal for a range of businesses, from small startups to large corporations. Interested parties are encouraged to inquire about available space and lease terms.
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
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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.