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    Property profile & analytics
    OFF-MARKET Estimated value $1,080,000
    Office buildings

    13700 Woodward Ave, Highland Park, MI 48203-5900

    41,928 SF 0.29 ac lot Built 1925
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1399678
    Property summary
    AI-generated overview

    This exceptional eight-story Class C executive office building, located at 13700 Woodward Avenue in Highland Park, Michigan, presents a compelling investment opportunity. Boasting 34,488 square feet of space, the building is currently offered at $3,448,800, translating to $100 per square foot. Constructed in 1925 and renovated in 1960, the property sits on a 0.29-acre lot within a Central Business District (CBD) permitted zoning area. The building features eight individual units, providing flexibility for various occupancy scenarios. The property includes a basement and fenced parking. Note that the adjacent 13714 Woodward Avenue is not included in this sale. This multi-tenant building offers a strong potential for return on investment in a vibrant location. The property's substantial size and prime location in Wayne County, Michigan, zip code 48203, make it an attractive prospect for investors seeking a well-established office building in a desirable area. The building's history and solid construction provide a stable foundation for future growth and development. Serious inquiries are encouraged to explore this unique opportunity further.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1925
    Total area 41,928 SF
    Lot 0.29 ac (12,632 SF)
    APN 43 008 09 0010 000
    UPID US43-1399678
    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
    $1.07M
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    1 Woodward LLC · 8 yrs held
    1 Woodward LLC
    since 2017
    6 recorded transactions
    2017
    2014
    $65,000
    2013
    $115,000
    2012
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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