Woodhaven Professional Center 20372 Van Horn Rd 20,000 SF 100% Leased Retail Building Woodhaven, MI 48183 $3,069,660 CAD ($153.48 CAD/SF)

Investment Opportunity
20,000± SF Multi-Tenant Neighborhood Commercial Plaza
Woodhaven, Michigan
Exceptional Value-Add Investment or Owner-Occupant Opportunity
https://youtu.be/iCmbAWjcRzc?si=s6vnT_YiV3TUogTV
This is a rare opportunity to acquire a well-constructed, multi-tenant commercial plaza in one of Downriver's strongest retail corridors at a price significantly below its stabilized value. Whether you're an investor seeking upside potential or an owner-occupant looking to control your operating costs while generating rental income, this property offers exceptional flexibility and long-term value.
The property has been well maintained and features durable block and brick construction, quality infrastructure, and a large on-site parking field. While the current ownership has not fully maximized the property's income potential, this presents an outstanding opportunity for a new owner to increase occupancy, improve rental rates, and unlock substantial value.
Based on market performance and stabilization, the property has the potential to achieve an estimated value in the $3.5 million to $4.2 million range, while being offered today for only $2,200,000.
Highlights
Asking Price: $2,200,000
Recent independent appraisal (completed within the past several years) valued the property at approximately $2.4 million
Seller financing (Land Contract) may be available for qualified buyers
Approximately 20,000 square feet of versatile commercial space
Excellent opportunity for both investors and owner-users
Significant value-add upside through lease-up and improved rental income
Durable block and brick construction with quality infrastructure
Well-maintained asphalt parking lot with concrete curbing
Ample parking with capacity for 100+ vehicles
Flexible suite configurations accommodate retail, medical, office, service, and professional users
Established veterinary clinic occupies approximately 20% of the building with two years remaining on its lease and has expressed interest in expanding
Located within an established commercial corridor with strong surrounding residential demographics
Traffic counts of approximately 8,389 vehicles per day directly adjacent to the property, with Allen Road (less than ¼ mile away) carrying approximately 28,269 vehicles per day, providing excellent accessibility and exposure
Investment Summary
This property represents a compelling opportunity to acquire a quality commercial asset at an attractive basis with significant upside potential. Investors can capitalize on below-market acquisition pricing while implementing a value-add leasing strategy. Owner-occupants benefit from occupying a portion of the building while offsetting ownership costs through rental income from the remaining tenants.
Opportunities to purchase a structurally sound, well-located commercial plaza at this price point are increasingly uncommon. This offering provides investors and business owners alike with the opportunity to create significant long-term equity through strategic management and stabilization.