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    OFF-MARKET
    Office Spaces

    500 Woodward Ave, Royal Oak, MI 48226

    979,489 SF Built 1993
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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