9300 Woodward AveDetroit, MI 48202

Property Details for 9300 Woodward Ave

Year built

2001

Lot size

1.02 AC

Property size (Sq ft)

13,386 SF

Zone code

B5

Property type

Retail properties

Property subtype

Strip malls

APN

01004347-8

APU

10043478

Description

This exceptional 7,925 square foot single-tenant retail space, located at 9300 Woodward Avenue in Detroit, Michigan, presents a unique opportunity for a discerning business owner. Situated in Wayne County, this property boasts a highly visible location on Woodward Avenue, a major thoroughfare known for its bustling commercial activity and high foot traffic. The entire space is currently vacant, offering a blank canvas for a creative and ambitious entrepreneur to establish their ideal concept. The property's classification as both retail and restaurant space allows for a wide range of potential uses, particularly well-suited for a bar or restaurant establishment. The building's substantial size provides ample room for a spacious interior, potentially including a bar area, dining area, kitchen, and restrooms. The address, 9300 Woodward Ave, Detroit, MI 48202, places the property within easy reach of a diverse customer base. This is a rare chance to secure a prominent location in a vibrant and growing area of Detroit. The property's size and location make it an ideal investment for a business seeking high visibility and accessibility. The single-tenant occupancy ensures complete control and customization of the space. Interested parties are encouraged to explore the possibilities this exceptional property offers. This is a turnkey opportunity to establish a thriving business in a prime Detroit location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,092,616

  6.5%

  $3,777,800

  7%

  $3,507,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,155,359

  Geo Method

  $3,155,359

• Alternative Use

  Use

  Valuation

  Residential

  $3,186,715

  Hospitality

  $2,919,014

  Educational

  $2,428,585

  Medical

  $2,512,108

  Retail

  $3,777,800

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3841

Longitude

-83.082

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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