Property summary
This exceptional commercial property, located at 11666 Woodbine in Redford, Michigan, presents a unique investment opportunity. The 2,360 square foot building is constructed of durable cinder block and sits on a sizable 0.23-acre lot (128x127 feet). Its strategic location offers significant advantages, boasting two entrances, one of which directly faces Telegraph Road, a major thoroughfare. The property's proximity to Plymouth Road further enhances its visibility and accessibility. The potential for a drive-thru is available, subject to approval from the Michigan Department of Transportation (MDOT). The diverse range of potential uses for this property is considerable, including retail, food service (such as pizza), party stores, or office space. This location benefits significantly from its adjacency to the former GM Diesel Plant, which has recently announced a substantial $285 million expansion project. This expansion is expected to bring increased traffic and economic activity to the immediate area, making this property an even more attractive investment. Please note that a liquor license is not included in the sale price of $375,000. This is a rare opportunity to acquire a well-situated commercial property in a rapidly developing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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