Property profile

500 Woodward Ave Royal Oak, MI 48226

OFF-MARKET
Office Spaces
979,489 SF Built 1993
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1993
Total area 979,489 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 Woodward Ave Royal Oak, MI 48226
Royal Oak metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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