6,781 SqFt
6,781 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 6,781 sqft
Price per Sqft $184
Subdivision Nester Mc Millan & Ponds
MLS Listing ID 20261024470
Year Built 1936
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type RealEstateOnly
Property Description
One retail space and three restaurant units sit on 162 feet of prime Woodward Avenue frontage with direct QLine streetcar access at the door. Surrounded by major hospital campuses and two college campuses, this location generates consistent, recession-resistant foot traffic seven days a week. Each unit operates with fully independent mechanical systems — individual rooftop HVAC, separate water heaters, and updated electrical.
The building is loaded with embedded value: three commercial vented hoods, restaurant equipment, and a rooftop billboard lease generating additional passive income. Roof inspected by specialist in 2025 and confirmed in great condition. Several electrical panels updated in 2026.
For investors seeking a truly passive, high-yielding commercial asset in a proven central corridor — with strong tenant retention built into the infrastructure itself — this property checks every box. Full lease details and rent roll available upon execution of LOI.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition ShortSaleNo, Standard
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