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    Property profile & analytics
    OFF-MARKET Estimated value $585,000
    Grocery and convenience stores

    11744 Woodward Ave, Highland Park, MI 48203-3574

    4,862 SF 0.13 ac lot Built 2000
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0909399
    Property summary
    AI-generated overview

    This exceptional 4,125-square-foot retail storefront, located at 11744 Woodward Avenue in Highland Park, Michigan, presents a unique investment opportunity. Currently vacant, the property is zoned 201 Commercial and offers a single-tenant occupancy. The building's entire 4,125 square feet is available for immediate lease or purchase. A significant advantage is the inclusion of an existing liquor license, streamlining the process for prospective buyers or tenants in the beverage industry. The property is situated in Wayne County, within the 48203 zip code, providing convenient access to major thoroughfares and a substantial customer base. The building's location on Woodward Avenue offers high visibility and significant foot traffic, making it an ideal location for a variety of retail businesses, particularly given the existing liquor license. Inventory is sold separately, allowing for flexibility in acquisition and business setup. This turnkey opportunity is perfect for an entrepreneur looking to establish a thriving retail operation in a high-traffic area. Serious inquiries are encouraged to explore the potential of this prime commercial real estate asset. The property's latitude and longitude coordinates are 42.3935462 and -83.0885198 respectively.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 2000
    Total area 4,862 SF
    Lot 0.13 ac (5,663 SF)
    APN 43 016 01 0003 001
    UPID US43-0909399
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $583k
    Blend (final) Blend
    $585k
    Owner & transaction history
    Woodward Liquor INC · 9 yrs held
    Woodward Liquor INC
    since 2016
    2 recorded transactions
    2016
    $500,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $445,000 +20.5%
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