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32500 N Woodward Ave 5,889 SF Retail Building Royal Oak, MI 48073 $5,014,224 CAD ($851.46 CAD/SF)
Executive Summary
• Rare opportunity to acquire a turn-key, high-end retail/office building on Woodward Avenue
• Existing occupant, Citizens State Bank, relocating to new headquarters facility
• ±5,889 SF freestanding building with 25 private on-site parking spaces
• Fully remodeled in 2021 with high-quality interior and exterior improvements
• Built-in office furniture included in sale
• High-end, move-in ready space suitable for a variety of users
• Minutes from Downtown Birmingham
• Excellent exposure with over 64K VPD on Woodward Avenue
• Strong demographics with over 264K residents within a 5-mile radius
• Existing occupant, Citizens State Bank, relocating to new headquarters facility
• ±5,889 SF freestanding building with 25 private on-site parking spaces
• Fully remodeled in 2021 with high-quality interior and exterior improvements
• Built-in office furniture included in sale
• High-end, move-in ready space suitable for a variety of users
• Minutes from Downtown Birmingham
• Excellent exposure with over 64K VPD on Woodward Avenue
• Strong demographics with over 264K residents within a 5-mile radius
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,889 SF
Building Class
C
Year Built/Renovated
1947/2020
Price
$5,014,224 CAD
Price Per SF
$851.46 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.28 AC
Zoning
GB, General Business
Parking
25 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
61’ on Woodward Ave
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-06-129-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,452,870 CAD |
Property Taxes
Parcel Number
25-06-129-005
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,452,870 CAD
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32500 N Woodward Ave
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