26311 Woodward AveHuntington Woods, MI 48070

Property Details for 26311 Woodward Ave

Year built

1960

Lot size

0.23 AC

Property size (Sq ft)

3,346 SF

Zone code

BI

Property type

Office buildings

APN

32-25-21-178-014

APU

322521178014

Description

This exceptional 3,346-square-foot freestanding office building is situated on a 0.23-acre lot at the highly visible corner of Woodward Avenue and Concord Road in Huntington Woods, Michigan. Built in 1960 and renovated in 2005, this single-story Class B building offers a flexible layout ideal for various office uses, including creative, medical, or traditional office spaces. Currently vacant with an occupancy date of December 1, 2024, the property features high exposed ceilings, three private offices, two open office areas, two restrooms, and a kitchen. Its zoning (TD) allows for a wide range of uses. The building benefits from excellent visibility along Woodward Avenue, a major thoroughfare with significant daily traffic. Its location provides easy access to I-696 and I-275, placing it within convenient reach of both Detroit and Royal Oak's vibrant commercial districts. The property is also minutes from Corewell Health Beaumont Hospital and approximately 30 minutes from Detroit Metro Airport (DTW). Abundant shopping, dining, and entertainment options surround the building, enhancing its appeal and attracting a diverse workforce. The asking price is $799,000. This owner-user investment opportunity presents a compelling combination of location, flexibility, and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $695,919

  6.5%

  $642,387

  7%

  $596,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,985

  Geo Method

  $312,985

• Alternative Use

  Use

  Valuation

  Residential

  $796,560

  Hospitality

  $729,644

  Educational

  $607,056

  Medical

  $627,933

  Retail

  $944,309

Location Insight

City

Huntington Woods

County

Oakland

State

Michigan

Latitude

42.4845

Longitude

-83.1548

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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