18422 Woodward Ave Detroit, MI 48203

Property Details for 18422 Woodward Ave

Property size

8,633 SF

Property type

Commercial real estate

Description

This exceptional Detroit commercial property, located on the historic Woodward Avenue, presents a unique investment opportunity. The offering encompasses two buildings totaling 8,633 square feet, situated at 18400 and 18422 Woodward Avenue in Wayne County, Michigan, zip code 48203. The main building, 18400 Woodward, boasts approximately 5,500 square feet and features a fully equipped commercial kitchen complete with a hood and exhaust system, a large three-compartment commercial dishwashing sink, and a wood-fired pizza oven capable of using wood or natural gas. This building also offers two front entrances, potentially allowing for two separate businesses or a divided bar and dining area, and three rear entrances leading to a fenced-in parking lot. Above this commercial space is an 1850-square-foot, three-bedroom, one-bathroom apartment with a private side street entrance, currently occupied. The second building, 18422 Woodward, is approximately 3,100 square feet and holds significant historical value, dating back to 1936. Originally a home and photo studio, this building features a striking octagon-shaped front room, a reception area, a restroom, and a unique "Turret Room." It also includes a smaller commercial kitchen with a three-compartment sink (but no vent/hood), a family room with original hardwood floors and a wood-burning fireplace, a small break area, a restroom, and an upper level with four bedrooms (all with original hardwood floors), one of which accesses a rooftop patio. A partially finished basement, including a library with a wood-burning fireplace, adds further potential. Both buildings are located on the "First Mile," the world's first concrete highway. The asking price for this combined property is $600,000, representing a price per square foot of $69.50. Proof of funds or pre-approval is required for property tours.