17800 Woodward Ave Detroit, MI 48203-2297

This exceptional 6,300 square foot office building, located at 17800 Woodward Avenue in Detroit, Michigan, presents a compelling investment opportunity. The property, a Class B traditional office building constructed in 1965 and renovated in 2012, sits on a 0.12-acre lot and features ten individual units within a multi-tenant structure. Currently, the building enjoys 50% occupancy, offering immediate income potential and significant upside for a new owner. The asking price is $425,000, translating to a price per square foot of $67.46. The building is zoned B4 and benefits from a gross lease structure. Its prime location in Detroit offers excellent visibility and accessibility. Historical data indicates a strong rental history, suggesting a stable and potentially growing income stream. The well-maintained property presents an opportunity for immediate occupancy and leasing, with potential for additional income streams through further lease-ups and strategic property management. This is an ideal investment for those seeking a well-located, established office building in a thriving Detroit market. The property's size and unit configuration provide flexibility for a variety of uses and investment strategies.