16121 Woodward Ave Highland Park, MI 48203
- Commercial land
- 0.62 lot acres
Current Use by Public Records
- Commercial land
Property Details for 16121 Woodward Ave
- Lot size
- 0.62 lot acres
- Property type
- Commercial land
- APN
- 43 003 02 0025 002
- APU
- 43003020025002
Description
This 0.62-acre commercial land parcel, located at 16121 Woodward Avenue in Highland Park, Michigan (48203), presents a compelling value-add opportunity. Situated on a corner lot, the property benefits from exceptional visibility and high traffic counts, with 23,711 vehicles traversing Woodward Avenue daily. The property is zoned TOD, offering flexibility for various commercial developments. Its strategic location provides convenient access to major thoroughfares, including I-96 and I-75, ensuring excellent connectivity. The area boasts a thriving commercial environment, with numerous national and local retailers in close proximity, including Aldi, Forman Mills, Family Dollar, Popeyes, Wendy's, Little Caesars Pizza, O'Reilly Auto Parts, Highland Park Auto Services, Comerica Bank, and Powerhouse Gym. Furthermore, the property is near several attractions such as Ford Park, the Boys & Girls Club of Southeastern Michigan, Palmer Park, Detroit Golf Club, Bill Snethkamp Chrysler Dealership, and the University of Detroit Mercy. Offered at $225,000, this fee simple ownership presents a rare chance to acquire a prime commercial site in a dynamic location. The intersection of Woodward Avenue and Moss Street, south of 6 Mile Road, provides unparalleled exposure and potential for significant return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1032
- Latitude
- 42.414
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
