Pending
4200 Woodward Avenue, Detroit, MI 48201
$1,250,000
MLS # 20261024470 (Realcomp)
Built 19360.15 acres
1 / 28
Listing Description
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.
Source: SparkMLS
About this home
Listed at $1,250,000.
Estimated annual property tax: $49,713, or about $4,143 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.15 acres
Year Built1936
Location
CityDetroit
Zip Code48201
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/12/2026
Source: SparkMLS
Tax Information
Annual Tax$14,949
Tax Year2025
State Equalized Value$604,900
Assessed Value$604,900
Parcel #01004211.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bonnie Juras
National Realty Centers, Inc
Frequently Asked Questions about 4200 Woodward Avenue, Detroit, MI 48201
What school district is 4200 Woodward Avenue, Detroit, MI 48201 in?
Per MLS# 20261024470, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261024470, the most recent reported annual property tax for 4200 Woodward Avenue, Detroit, MI 48201 is $11,455. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4200 Woodward Avenue, Detroit, MI 48201 eligible for USDA financing?
Per USDA Rural Development boundary data, 4200 Woodward Avenue, Detroit, MI 48201 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4200 Woodward Avenue, Detroit, MI 48201 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$49,713
Monthly$4,143
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$12,250
Principal & interest$8,107
Property taxes$4,143
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4200 Woodward Avenue, Detroit, MI 48201
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Neighborhood
Lower Woodward
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Community
Detroit
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County
Wayne County
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