Property profile

6432 Woodward Ave Detroit, MI 48202

FOR SALE
Retail space
Property ID
US43-Q007911
Saved · see the list in your Dashboard
No photos on file
For Sale
$795,000
6432 Woodward Ave, Detroit, MI 48202
View Listing →

Property summary

AI-generated overview

Introducing a prime retail opportunity in the heart of Detroit, this 5,574 SF building presents an enticing investment prospect for retail investors. Boasting a prominent location in the bustling Detroit area, the property offers ample space for retail or street retail ventures. With its generous square footage and strategic positioning, it provides an ideal canvas for creating a thriving retail destination in a dynamic urban setting. The well-maintained building and its prime location along Woodward Avenue ensure high visibility and accessibility for businesses seeking to capitalize on the energy and potential of this vibrant city. The property is situated in Detroit's Midtown district, known for its vibrant mix of culture and commerce. Located just steps away from the renowned Detroit Institute of Arts and the historic Fisher Building, it offers a prime spot along Woodward Avenue with high visibility and foot traffic. 5,574 SF building with parking lot access off 28 E Milwaukee Ave and alley easement 10-year incremental tax abatement in place, transferable to a new owner HVAC cut-ins completed, roof replaced on second and third floors, sewer line replaced Upgraded to 800 amp service with new DTE pole, full structural support system updated Basement excavated with new poured walls for future rooftop use, natural brick exposed Site fully cleared of debris, footings poured for a second staircase

Property profile

Verified
Property type Retail space
UPID US43-Q007911

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
  • Electronics & Wireless Store

Location

6432 Woodward Ave Detroit, MI 48202
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message