14467 Woodward Ave, Highland Park, MI 48203-2928
- Strip malls
- 29,351 SF
- 1.53 lot acres
Current Use by Public Records
- Strip malls
Property Details for 14467 Woodward Ave
- Year built
- 1993
- Lot size
- 1.53 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 43 009 08 0002 301
- APU
- 43009080002301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | Twa Associates INC | — | Deed Of Trust · related | $400k · Diversified Members Cu |
| — | — | Hp II LLC | — | Deed Of Trust · related | $1.4M · Diversified Members Cu |
| — | — | Twa Associates INC | — | Deed Of Trust · related | $4.5M · Diversified Members Cu |
| — | — | Twa Associates INC | — | Deed Of Trust · related | $900k · Diversified Members Cu |
Description
Highland Park Place, located at 14467 Woodward Avenue in Highland Park, Michigan, presents a unique opportunity for retail businesses. This 64,518 square foot shopping center, built in 1993, sits on a 204,732 square foot lot and offers ample parking with 208 spaces. Currently, there are three available spaces ranging from 1,200 to 7,000 square feet of vacant space, representing a total of 7,000 square feet of immediate occupancy potential. The property is zoned C3 and enjoys a highly visible corner location at the intersection of Woodward Avenue and Manchester Street, a main commercial corridor in Highland Park. This strategic location benefits from exceptional daily traffic counts, exceeding 24,000 vehicles, and strong pedestrian traffic due to its proximity to public transportation. The center offers a prime signage opportunity for increased visibility and brand recognition. Wayne County is the location of this property, and the zip code is 48203. This is an excellent opportunity to establish or expand a retail presence in a thriving community.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,636,000
- AI Estimate
- $907,000
Market price range: $1.02M - $2.68MMarket price range: $882k - $1.79M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,030,000
- MEDICAL BUILDING
- $1,850,000
- OFFICE BUILDING
- $1,810,000
- AUTO REPAIR, GARAGE
- $1,780,000
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Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1
- Latitude
- 42.4086
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
