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3670 Woodward Ave - The Ellington Retail
34,431 SF Retail Condo Unit in Detroit, MI 48201
INVESTMENT HIGHLIGHTS
- Michigan’s 3rd largest university, Wayne State University, is located immediately to the northwest of The Ellington
- Midtown and the surrounding areas of Brush Park and the Cass Corridor have experienced monumental growth since 2010
- The Ellington is ideally positioned at a “Main & Main” location in the area, the intersection of Mack Avenue and Woodward Avenue
EXECUTIVE SUMMARY
Situated at the lighted corner of Woodward and Mack Avenues, two major thoroughfares throughout Detroit with a total of 38,200 vehicles passing through the intersection each day.
PROPERTY FACTS Under Contract
| Unit Size | 34,431 SF | Building Class | B |
| No. Units | 1 | Floors | 4 |
| Total Building Size | 78,756 SF | Typical Floor Size | 8,585 SF |
| Property Type | Multifamily (Condo) | Year Built | 2005 |
| Property Subtype | Apartment | Lot Size | 1.29 AC |
| Sale Type | Investment | Opportunity Zone |
Yes
|
| Unit Size | 34,431 SF |
| No. Units | 1 |
| Total Building Size | 78,756 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 8,585 SF |
| Year Built | 2005 |
| Lot Size | 1.29 AC |
| Opportunity Zone |
Yes |
1 UNIT AVAILABLE
Unit 100-115
| Unit Size | 34,431 SF | Sale Status | Under Contract |
| Condo Use | Retail | NOI | $1,417,528.35 CAD |
| Sale Type | Investment |
| Unit Size | 34,431 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| NOI | $1,417,528.35 CAD |
DESCRIPTION
The Ellington Retail is a Whole Foods anchored shopping center, together with a leasehold interest in the adjacent parking structure. The subject offering is situated in Detroit’s Midtown neighborhood and caters to the area’s dense, fast-growing residential population base, students, hospital workers, and tourists.
SALE NOTES
The subject offering provides a unique opportunity to acquire The Ellington, a master planned commercial development anchored by freestanding Whole Foods Market grocery store, with 12,585 square feet of commercial space situated on the ground floor of The Ellington Lofts (55 residential units).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 862 |
| 2+2 | 30 | - | - |
Presented by
3670 Woodward Ave - The Ellington Retail
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