7300 Woodward AveDetroit, MI 48202

Property Details for 7300 Woodward Ave

Year built

1912

Lot size

1.21 AC

Property size (Sq ft)

263,240 SF

Zone code

B4

Property type

Office buildings

APN

01004292.

APU

1004292

Description

This exceptional 263,240 square foot, Class B office building, constructed in 1912, offers a unique opportunity in Detroit's vibrant New Center area. Located at the highly visible northeast corner of Woodward Avenue and East Grand Boulevard, this eight-story building boasts over 300 parking spaces and is conveniently situated near major expressways (I-75, I-94, and M-10) and the QLine streetcar. Currently undergoing extensive renovations, including facade improvements, upgraded entrances, HVAC system enhancements, and elevator modernization, this property is poised for immediate occupancy. The building is multi-tenant, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 100,000 square feet currently available. This presents a rare chance to secure a significant footprint in a rapidly developing area where the New Center, Milwaukee Junction, Tech Town, and North End neighborhoods converge. The address is 7300 Woodward Avenue, Detroit, Michigan, 48202, in Wayne County. The building features elevators and is ideal for traditional office, executive office, or medical office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $54,750,076

  6.5%

  $50,538,532

  7%

  $46,928,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,623,470

  Geo Method

  $24,623,470

• Alternative Use

  Use

  Valuation

  Residential

  $62,667,780

  Hospitality

  $57,403,348

  Educational

  $47,758,912

  Medical

  $49,401,416

  Retail

  $74,291,640

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3709

Longitude

-83.0726

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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