8400 Woodward AveDetroit, MI 48202

Property Details for 8400 Woodward Ave

Year built

1957

Lot size

0.43 AC

Property size (Sq ft)

13,137 SF

Zone code

B4

Property type

Commercial land

APN

01004323.

APU

1004323

Description

This exceptional 0.69-acre commercial land parcel presents a rare redevelopment opportunity in Detroit's vibrant North End. Located at 8400 Woodward Avenue, this prime corner lot boasts a highly desirable B4 zoning classification, opening doors to a wide range of commercial development possibilities. The property's strategic location on Woodward Avenue ensures high visibility and accessibility, with an estimated 19,000 vehicles passing daily. This translates to significant potential for attracting customers and maximizing return on investment. The substantial lot size offers ample space for a variety of projects, from retail establishments and restaurants to office buildings or mixed-use developments. Given its prime location and zoning, this property represents a unique chance to capitalize on the ongoing revitalization of Detroit's North End. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The asking price is $625,000. Wayne County, Michigan, zip code 48202.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,387,990

  Retail / Commercial

  $2,809,830

  Mixed-Use / Specialty

  $2,836,770

  Hospitality / Lodging

  $2,129,360

  Office

  $2,858,410

  Institutional / Educational

  $2,962,310

  Residential Income

  $3,465,900

  Multifamily

  $3,951,930

  Automotive / Energy

  $2,539,120

  Parking / Income-Based Land

  $839,707

  Restaurant / Food Service

  $1,554,300

  Healthcare / Senior Housing

  $2,871,160

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3776

Longitude

-83.0777

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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