Address
6565 Woodward Ave Detroit, MI
Price
$ 3,350,000
Property Attributes
  • MLS#40082868
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48202
  • StyleCommercial/Industrial
  • Year Built1940
  • Taxes26978
  • Price$ 3,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage38160
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
O'Connor Realty
Data Source:
Michigan Multiple Listing Service
Property Description

6565 Woodward Avenue is located on the corner of Woodward Avenue and West Grand Boulevard, the cornerstone of New Center's retail and commercial corridor. The Art Moderne style structure is built entirely of concrete and is comprised of a full basement with 10'10? ceilings, allowing for continued retail space from the 13,200 SF first floor, which is currently divided into three retail spaces. The 11,920 SF second floor could be redeveloped into creative office or residential with the possibility of roof decks. This unique development opportunity benefits from favorable B5 zoning, permitting the development of an approximately 46-story, 569,150 SF, mixed use building with prime ground-floor retail located at the most prominent intersection of New Center. The B5 zoning allows for no off street parking requirements for retail and multi family.

Price History
7/24/2020 Listed $3,850,000
9/24/2020 13% - $3,350,000

General Features

Class COM/IND/BUS OPP
Directions Woodward Avenue and West Grand Boulevard
Financial Terms Cash, Conventional
Heating Forced Air
Legal Description W WOODWARD W 165 FT 4 BLK 1--MORAN & MOROSS SUB L8 P15 PLATS, W C R 2/63 W 165 FT 1 27 THE MOROSS EST SUB L16 P79 PLATS, W C R 2
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 1940
Zoning Commercial, Multi-Family, Professional Office, Residential

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Concrete/Block
Foundation Type Basement
Frontage 164
Lot Dimensions 164x80x164x80
Lot Size Area 0.35
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48202

Price
AVG $670K
$3.35M
Taxes
AVG $12,998
$26,978
Visits
AVG 35
31
Year Built
AVG 1941
1940
Walkscore
AVG 77
81
Data Provided by Walkscore ® not using MLS data