6565 WOODWARD AVE $2,220,000

    Close

    6565 WOODWARD AVE Detroit, MI 48202

    Sold
    SOLD 11/10/2021

    $2,220,000

    Market Estimate
    • 38,160 sq. ft.
    • 0.35 Acres
    • Commercial
    • MLS# 40082868
    6565 WOODWARD AVE, Detroit, MI 48202
    Thumbnail
    Listing provided courtesy of: O'Connor Realty - 3139639891
    Favorite Share
    Views: 410

    Property Details

    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.

    • General Features
      • Acreage 0.35
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 38160
      • Waterfront Y/N No
      • Year Built 1940
      • ZONING Multi-Family,Professional Office,Commercial,Residential
    • Building Features
      • Exterior Construction Concrete/Block
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 164x80x164x80
      • Sewer Septic Public Sanitary

    Neighborhood

    48202 (Detroit) Demographics

    35 Median Age
    4,693 Population Density (per sq. mile)
    42% College Educated
    $28,768 Estimated Median Income
    2,184 Estimated Total Home Owners
    5,671 Estimated Total Renters
    28% / 72% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,611 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $160,000 Median Sales Price
    6 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/10/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $2,220,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.