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6432 Woodward Ave 5,574 SF Retail Building Detroit, MI 48202 $1,113,835 CAD ($199.83 CAD/SF)
Investment Highlights
- Transferable 10-year incremental tax abatement is in place.
- Opportunity Zone location may benefit qualifying investments.
- Parking lot access and alley easement improve site functionality.
Executive Summary
• 5,574 SF Building + 28 E Milwaukee Ave Entrance Parking Lot and Alley Way Easement
• Incremental Tax Abatement : 10 Years (Transferable)
• New HVAC cut-in’s are Complete (No Interior Distribution)
• New Roof on the 2nd & 3rd Floors
• New Sewer Line
• New 800 amp Service – New Pole by DTE (No Interior Distribution)
• Updated all Building Structural Support
• Dug Out Basement & Poured New Walls for Additional Support for Potential Rooftop Use
• Exposed Natural Brick on Both Floors
• Removed all Debris
• Added Footings for an Additional Staircase
• Incremental Tax Abatement : 10 Years (Transferable)
• New HVAC cut-in’s are Complete (No Interior Distribution)
• New Roof on the 2nd & 3rd Floors
• New Sewer Line
• New 800 amp Service – New Pole by DTE (No Interior Distribution)
• Updated all Building Structural Support
• Dug Out Basement & Poured New Walls for Additional Support for Potential Rooftop Use
• Exposed Natural Brick on Both Floors
• Removed all Debris
• Added Footings for an Additional Staircase
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,574 SF
Building Class
C
Year Built
1909
Price
$1,113,835 CAD
Price Per SF
$199.83 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
CM - Commercial
Frontage
60’ on Woodward Ave
Amenities
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $187,320 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$187,320 CAD
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6432 Woodward Ave
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