17800 Woodward Ave Detroit, MI 48203

Property Details for 17800 Woodward Ave

Year built

1965

Lot size

0.12 lot acres

Property size

8,562 SF

Zone code

B4

Property type

Office buildings

APN

01009726.

APU

1009726

Description

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.