26789 Woodward AveHuntington Woods, MI 48070

Property Details for 26789 Woodward Ave

Year built

1963

Lot size

0.64 AC

Property size (Sq ft)

14,760 SF

Zone code

BI

Property type

Office buildings

APN

32-25-21-103-007

APU

322521103007

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,069,864

  6.5%

  $2,833,721

  7%

  $2,631,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,650

  Geo Method

  $1,380,650

• Alternative Use

  Use

  Valuation

  Residential

  $3,513,814

  Hospitality

  $3,218,635

  Educational

  $2,677,866

  Medical

  $2,769,962

  Retail

  $4,165,570

Location Insight

City

Huntington Woods

County

Oakland

State

Michigan

Latitude

42.4885

Longitude

-83.1585

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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