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Property profile & analytics
OFF-MARKET Estimated value $555,000
Grocery and convenience stores

11744 Woodward Ave Highland Park, MI 48203-3574

4,862 SF 0.13 ac lot Built 2000
Entity Owned 10-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
$555k
Owner & transaction history
Woodward Liquor INC · 10 yrs held
Woodward Liquor INC
since 2016
2 recorded transactions
2016
$500,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $445,000 +20.5%
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