17422 Woodward Ave Detroit, MI 48203
This exceptional mixed-use property, located at 17422 & 17428 Woodward Avenue in Detroit, Michigan, presents a compelling value-add investment opportunity. The property consists of two, two-story buildings totaling 0.07 acres, built in 1925 and zoned B4. Currently in shell condition, requiring complete rehabilitation, this property offers significant upside potential. Situated across from Palmer Park and the Detroit Golf Club, the buildings benefit from high visibility on a major thoroughfare with over 30,000 vehicles passing daily. The versatile space is ideal for a variety of uses, including medical offices, beauty salons, or professional businesses, with upper-level units easily adaptable into apartments. The asking price is $400,000. The sale includes both buildings, but excludes the existing billboard. This is an "as is" sale; buyers are responsible for verifying all information. This prime location offers unparalleled potential for businesses seeking high traffic and visibility in a rapidly developing area of Detroit. The property's strategic location and substantial potential for redevelopment make it an attractive investment for discerning buyers.
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts w
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.