20404 Woodward Ave Detroit, MI 48203
For Lease
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This exceptional 4,286 square foot freestanding retail building presents a unique investment opportunity. Completely renovated in 2024, the property boasts a modern façade and enjoys unparalleled visibility on Woodward Avenue. Situated in a prime location within the Gateway Marketplace shopping center, this single-tenant space benefits from the significant draw of over 340,000 square feet of established retail neighbors, including major brands like Meijer, Marshalls, Planet Fitness, and Five Below. The building's strategic placement offers excellent access and exposure to high traffic volume. The B-3 Shopping District zoning allows for a wide range of retail uses. The property's proximity to the new Amazon fulfillment center, located just north of the former Michigan State Fairgrounds, further enhances its desirability and potential for strong returns. With its recent renovation, modern design, and advantageous location within a thriving retail hub, this property is ideally suited for a variety of retail businesses seeking a high-impact presence in a bustling commercial area. The entire 4,286 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a prominent retail space in a rapidly developing area.
Ord. No. 11-05, § 1(61-7-2), 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…
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
B3 · Detroit, MIOrd. No. 11-05, § 1(61-7-2), 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 Distric
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.