17800 Woodward

17800 Woodward Avenue Detroit, MI 48203

17800 Woodward Avenue, Detroit, MI, 48203
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$425,000
Last Verified:
Oct 11, 2024

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Highlights

  • 6,300 SF Office Building on Woodward (additional rentable basement space)
  • Rare opportunity with prime frontage on Woodward Ave
  • Ideal for owner/user or value-add investor
  • Historically well occupied building with long term tenants
  • Well maintained property with full roof replacement in 2020
  • Fantastic upside potential with leasing the second floor and increasing existing below market lease rates
  • Sale Price: $425,000

Description

Office Building on Woodward For Sale
Occupy and Rent

Woodward Just North of McNichols


Year Built: 1965
Building Size: 6300sq ft
Building Class: C
Lot Size: 0.12 acres


Documents

17800 Woodward Ave Flyer 2024

Map of 17800 Woodward Avenue, Detroit, MI, 48203

Presented by:
Farbman Group

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Brad Margolis


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.