Property profile

11745 Woodward Ave Highland Park, MI 48203

FOR SALE
Bars & Pubs
Property ID
US43-0008310
30,000 SF Built 1917
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Property summary

AI-generated overview

A rare investment opportunity offering scale, character, and unmatched redevelopment potential in a high-exposure location. Comprehensively renovated by the current owner, this 5-story industrial building underwent a muti-million dollar overhaul. 6,000 SQFT operational main level mixed-use venue w/ fully built-out 45' custom bar, 15' ceilings, TOAST system, commercial Earthstone brick oven & lofted VIP/stage/office. Additional 4 floors, present endless adaptive reuse potential for residential, commercial, office, retail, roof top or venue expansion. Secure entrance w/large lobby & ticket window off of paved parking lot. ALL NEW - Facade, windows, baths, gutter system, HVAC systems (3 furnaces & A/C units), 1600 AMP service, ect. This offering includes a Class C liquor license. Full-height freight elevator shaft, ready for installation. Additional vacant land parcels are available are included in this sale - ID: 43017020012000, 43017020100000, 43017020011000. See brochure for more info. Proof of funds required to tour. Contact Nicollett Warczak for additional information or to schedule a tour. Sold AS-IS.

Property profile

Verified
Property type Bars & Pubs
Year built 1917
Total area 30,000 SF
UPID US43-0008310

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11745 Woodward Ave Highland Park, MI 48203
Highland Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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