20372 Van Horn Rd - Retail FOR SALE


Woodhaven, MI 48183
$2,200,000 USD
313-999-6728
20372 Van Horn Rd, Woodhaven, MI for Sale
$2,200,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

Sep '26


20372 Van Horn Rd
Woodhaven, MI 48183


HIGHLIGHTS

  • Rare opportunity to acquire a well-constructed, multi-tenant commercial plaza
  • Value add

OVERVIEW

Investment Opportunity 20,000± SF Multi-Tenant Neighborhood Commercial Plaza Woodhaven, Michigan Exceptional Value-Add Investment or Owner-Occupant Opportunity https://youtu.be/iCmbAWjcRzc?si=s6vnT_YiV3TUogTV This is a rare opportunity to acquire a well-constructed, multi-tenant commercial plaza in one of Downriver's strongest retail corridors at a price significantly below its stabilized value. Whether you're an investor seeking upside potential or an owner-occupant looking to control your operating costs while generating rental income, this property offers exceptional flexibility and long-term value. The property has been well maintained and features durable block and brick construction, quality infrastructure, and a large on-site parking field. While the current ownership has not fully maximized the property's income potential, this presents an outstanding opportunity for a new owner to increase occupancy, improve rental rates, and unlock substantial value. Based on market performance and stabilization, the property has the potential to achieve an estimated value in the $3.5 million to $4.2 million range, while being offered today for only $2,200,000. Highlights Asking Price: $2,200,000 Recent independent appraisal (completed within the past several years) valued the property at approximately $2.4 million Seller financing (Land Contract) may be available for qualified buyers Approximately 20,000 square feet of versatile commercial space Excellent opportunity for both investors and owner-users Significant value-add upside through lease-up and improved rental income Durable block and brick construction with quality infrastructure Well-maintained asphalt parking lot with concrete curbing Ample parking with capacity for 100+ vehicles Flexible suite configurations accommodate retail, medical, office, service, and professional users Established veterinary clinic occupies approximately 20% of the building with two years remaining on its lease and has expressed interest in expanding Located within an established commercial corridor with strong surrounding residential demographics Traffic counts of approximately 8,389 vehicles per day directly adjacent to the property, with Allen Road (less than ¼ mile away) carrying approximately 28,269 vehicles per day, providing excellent accessibility and exposure Investment Summary This property represents a compelling opportunity to acquire a quality commercial asset at an attractive basis with significant upside potential. Investors can capitalize on below-market acquisition pricing while implementing a value-add leasing strategy. Owner-occupants benefit from occupying a portion of the building while offsetting ownership costs through rental income from the remaining tenants. Opportunities to purchase a structurally sound, well-located commercial plaza at this price point are increasingly uncommon. This offering provides investors and business owners alike with the opportunity to create significant long-term equity through strategic management and stabilization.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Woodhaven Professional Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

B-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Wayne MichalakNational Realty CentersMore Info
313-999-6728

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Wayne MichalakNational Realty CentersMore Info
313-999-6728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.