Property profile

26789 Woodward Ave Huntington Woods, MI 48070

FOR LEASE
Office buildings
Property ID
US43-0881190
14,760 SF 0.64 ac lot Built 1963
Entity Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 14,400 square foot Class B medical office building is located at 26789 Woodward Avenue in Huntington Woods, Michigan, within Oakland County. The property sits on a 0.64-acre lot and boasts a convenient 4.0 parking spaces per 1000 square feet ratio, ensuring ample parking for patients and staff. Currently, the building is 100% occupied with multiple tenants, presenting a stable investment opportunity. The building is zoned BI and its APN is 25-21-103-007. Situated in the desirable Huntington Woods community, this property benefits from excellent visibility and accessibility along Woodward Avenue. The building's classification as a medical office building makes it ideal for a variety of healthcare practices. The property's full occupancy demonstrates strong market demand and a proven track record of success. This is a rare opportunity to acquire a fully leased, well-maintained medical office building in a prime location. The building's size and parking capacity make it suitable for a range of medical specialties. Interested parties should note the property's strong tenant base and the potential for long-term growth in this thriving area. The property's location in Oakland County, Michigan, offers easy access to major transportation routes and a robust local economy. This is a turnkey investment opportunity with significant potential for future returns.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Total area 14,760 SF
Lot 0.64 ac (27,878 SF)
Zoning code BI
APN 32-25-21-103-007
UPID US43-0881190

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

26789 Woodward Ave Huntington Woods, MI 48070
Huntington Woods metro Census 188001 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$1.56M

Owner & transaction history

since 1998
2 recorded transactions
1998
Price N/A
1998
Price N/A

Zoning & alternative use

BI · Huntington Woods, MI
Top alternative use upside
Restaurant $2.6M +47.6%
Retail stores $2.5M +43.9%
Medical building $2.3M +34.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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