Absolute Auction | Former Chase Bank 11606 Woodward Ave 3 781 pi² Vacant Immeuble de commerce de détail Vente à l’encan en ligne Detroit, MI 48202

Property tours are available, please contact the listing broker to schedule. The Access Agreement in the Data Room will need to be executed prior to the tour.
Investors and owner/users will delight in the chance to acquire this former Chase Bank location just 6.2 miles north of Downtown Detroit.

11606 Woodward Avenue offers a turnkey, blank canvas investment opportunity in Michigan. The 3,781-square-foot property is situated on a 0.61-acre lot and features classic bank building architecture, including a brick façade, extensive window coverage, and a covered entrance. Built in 1955, the building has served as a community landmark and was previously occupied by Chase Bank. With its single-story layout, the property provides an efficiently designed floor plan. Currently fully vacant, purchasers may initiate their build-out promptly upon acquisition. The site has B4 zoning, which ensures considerable flexibility for future uses. Detroit's B4 General Business District encompasses approximately 79% of the city's commercial corridors and supports intensive, thoroughfare-oriented commercial, office, and mixed-use development, with possible residential integration. Notable corridors, such as Woodward and Michigan Avenue, are predominantly zoned B4. Permitted uses include retail, office, service businesses, hotels, and, under certain conditions, residential units within mixed-use developments. Buyers may utilize the property for their own operations or alternatively lease it at market rates. The location presents significant potential for a range of business opportunities.

This Detroit location presents a significant opportunity for businesses and investors. Woodward Avenue serves as a primary thoroughfare, connecting Downtown Detroit with the surrounding suburbs. The property is situated near a variety of local and national businesses, including Family Dollar, AutoZone, and Woodward Bistro. It offers convenient access to major roadways, including Interstate 75 and Routes 8 and 10. Within a 1-mile radius, the area is experiencing substantial growth, with a rapidly increasing population and a robust workforce in place.

Detroit serves as an excellent hub for businesses and investors seeking new opportunities. Known as the Motor City, Detroit is expanding beyond the automotive sector into a variety of industries. As a major economic and cultural center in the Midwest, it offers numerous advantages. The city hosts many prominent companies across diverse fields, making it a prime spot for investment. General Motors, Ford Motor Company, and Stellantis (formerly Fiat Chrysler Automobiles) all have their headquarters here. Additionally, finance and insurance are well represented with firms like Quicken Loans (Rocket Companies), Comerica Bank, and Blue Cross Blue Shield of Michigan.