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4200-4216 Woodward Ave
Detroit, MI 48201
Retail Property For Sale
Investment Highlights
- Opportunity Zone
- Value Add with Restaurant Hoods and Equipment*
Executive Summary
Rare fully leased, 100% occupied mixed-use investment in the heart of Midtown Detroit — one of the city's most dynamic and fast-growing commercial corridors. This four-unit building at 4200 Woodward Avenue. 10% CAP rate | modified triple-net lease structure | landlord expenses at virtually zero.
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.
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.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,601 SF
Building Class
B
Year Built
1913
Price
$1,250,000
Price Per SF
$189.37
Cap Rate
10.11%
NOI
$126,320
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.01
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
B4
Frontage
183’ on Woodward Ave
Property Taxes
| Parcel Number | 01-004211 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $599,900 |
Property Taxes
Parcel Number
01-004211
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$599,900
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