6432 Woodward AveDetroit, MI 48202

Property Details for 6432 Woodward Ave

Year built

1930

Property size (Sq ft)

5,574 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 5,574 square foot storefront at 6432 Woodward Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2022, this three-story building boasts a multitude of recent upgrades. Improvements include a new roof on the second and third floors, a new sewer line, and an upgraded 800-amp electrical service with a new DTE pole. The HVAC system has new cut-ins (interior distribution not yet completed). The building's structural support has been completely updated, including a dug-out basement with new poured walls to support potential rooftop use. The property also features exposed natural brick on both floors, and all debris has been removed. Additional footings have been added to accommodate a future staircase. The property includes a 28 E Milwaukee Ave entrance, parking lot, and alleyway easement. This B-4 zoned property benefits from a transferable 10-year incremental tax abatement. The Wayne County property is identified by APN numbers W01/I004281S and W01/I001889S. Asking price is $899,000. This is a rare chance to acquire a beautifully renovated, historically significant retail space in a vibrant Detroit location.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.369

Longitude

-83.0723

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