8282 Woodward Ave Detroit, MI 48202

Property Details for 8282 Woodward Ave

Year built

1999

Lot size

0.77 lot acres

Property size

5,508 SF

Zone code

B4

Property type

Commercial land

APN

01004319.

APU

1004319

Description

This 5,500 square foot medical office building, located at 8282 Woodward Avenue in Detroit, Michigan, presents a compelling investment opportunity. The property, built in 1999, sits on a 0.32-acre lot (APN 01-004320) and is zoned B-4 Commercial Lot. Currently operating at 100% occupancy as a single-tenant facility, the building offers excellent visibility and frontage on Woodward Avenue. The property features ample parking and prominent building signage. The interior comprises 10 rooms, including dedicated spaces for X-ray, laboratory functions, and a nurses' station. This Class C building is situated in the New Center-Detroit district, near major retailers such as a supermarket, Burger King, Citgo Gas Station, and Family Dollar. Its strategic location offers proximity to the Virginia Park Historic District, Fisher Theatre, Hotel St. Regis, and Henry Ford Hospital, ensuring high foot traffic and visibility. The asking price is $1,300,000, translating to $236.36 per square foot. The property's designation as a Qualified Opportunity Zone presents significant tax advantages for investors. This established medical facility is ideal for owner-occupiers or investors seeking a stable, high-return investment in a thriving urban location.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Longitude

-83.0766

Latitude

42.3761

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments