16121 Woodward AveHighland Park, MI 48203

Property Details for 16121 Woodward Ave

Lot size

0.62 AC

Property type

Commercial land

APN

43 003 02 0025 002

APU

43003020025002

Description

This 0.62-acre commercial land parcel, located at 16121 Woodward Avenue in Highland Park, Michigan (48203), presents a compelling value-add opportunity. Situated on a corner lot, the property benefits from exceptional visibility and high traffic counts, with 23,711 vehicles traversing Woodward Avenue daily. The property is zoned TOD, offering flexibility for various commercial developments. Its strategic location provides convenient access to major thoroughfares, including I-96 and I-75, ensuring excellent connectivity. The area boasts a thriving commercial environment, with numerous national and local retailers in close proximity, including Aldi, Forman Mills, Family Dollar, Popeyes, Wendy's, Little Caesars Pizza, O'Reilly Auto Parts, Highland Park Auto Services, Comerica Bank, and Powerhouse Gym. Furthermore, the property is near several attractions such as Ford Park, the Boys & Girls Club of Southeastern Michigan, Palmer Park, Detroit Golf Club, Bill Snethkamp Chrysler Dealership, and the University of Detroit Mercy. Offered at $225,000, this fee simple ownership presents a rare chance to acquire a prime commercial site in a dynamic location. The intersection of Woodward Avenue and Moss Street, south of 6 Mile Road, provides unparalleled exposure and potential for significant return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $6,429,375

  Hospitality

  $5,889,273

  Educational

  $4,899,806

  Medical

  $5,068,318

  Retail

  $7,621,920

Location Insight

City

Highland Park

County

Wayne

State

Michigan

Latitude

42.414

Longitude

-83.1032

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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