1 Woodward AveDetroit, MI 48226

Property Details for 1 Woodward Ave

Year built

1962

Lot size

0.57 AC

Property size (Sq ft)

444,484 SF

Zone code

PCA

Property type

Auto shops

APN

02001910-5

APU

20019105

Description

Located at 1 Woodward Ave, Detroit, MI 48226, this traditional office building offers a unique opportunity for businesses seeking flexible space in the heart of the city. The property, known as One Woodward, boasts a total of 370,364 square feet, with a minimum divisible space of 2,380 square feet and a maximum contiguous space of 26,160 square feet. Currently, 54,532 square feet is available for lease. Built in 1962 and extensively renovated in 2011, the building is zoned PCA and sits on a 0.57-acre lot (APN: 02-0019105). The property is ideally suited for multiple tenants, offering a range of options to accommodate various business needs. Its central location in Wayne County provides easy access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a landmark Detroit building. The building's modern amenities and prime location make it an attractive option for businesses of all sizes. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business in this prestigious address.

• CAP approach

  CAP return

  Valuation

  6%

  $117,545,072

  6.5%

  $108,503,144

  7%

  $100,752,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $104,774,128

  Geo Method

  $104,774,128

• Alternative Use

  Use

  Valuation

  Residential

  $91,526,464

  Hospitality

  $83,837,752

  Educational

  $69,752,024

  Medical

  $72,150,904

  Retail

  $108,503,144

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3289

Longitude

-83.0454

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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